bgrah449 comments on Rolf Nelson's "The Rational Entrepreneur" - Less Wrong

11 Post author: Eliezer_Yudkowsky 04 November 2009 09:31PM

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Comment author: bgrah449 04 November 2009 10:38:31PM 1 point [-]

I think the "base rate fallacy" and Eliezer's "privileging the hypothesis" are the same thing. Sound about right to anyone else?

Comment author: Cyan 05 November 2009 04:23:32AM 1 point [-]

In the base rate fallacy, you at least have the likelihood ratio. In the fallacy of privileging the hypothesis you don't even have that.