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I'll break my questions down...to make it a bit less confusing for you:
How does one determine the "plausibility" of any theory about the REALITY of existence?
By assessing evidence supporting that hypothesis, just like any other notion we've ever worked with.
When no evidence is present to support the existence of dragons, "dragons don't exist" is more plausible than "dragons exist." Otherwise we have to live in a strange philosophical world where equal credence must be given to Thor, Yahweh, Anubis, the Flying Spaghetti Monster, Gandalf, and Deuce creating the universe. (yes, it was me)