Emile comments on Conditioning on Observers - Less Wrong

6 Post author: Jonathan_Lee 11 May 2010 05:15AM

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Comment author: Emile 12 May 2010 04:56:35PM 2 points [-]

In that case, what does it even mean to say "my subjective probability for heads is 1/2"? Subjective probability is often described in terms of bettings - see here.

Seems to me this is mostly a quarrel of definitions, and that when you say "people who believe the answer is 1/3 pictured counts in a 3 by 1 contingency table, and applied the wrong theory to it.", you're being unfair. They're just using a different definition of "subjective probability"

Don't you think so?

Comment author: neq1 12 May 2010 08:11:33PM 0 points [-]

Based on my interaction with people here, I think we all are talking about the same thing when it comes to subjective probability.

I agree that you can use betting to describe subjective probability, but there are a lot of possible ways to bet.

Comment author: timtyler 12 May 2010 07:18:33PM 0 points [-]

"Subjective probability" is a basic term in decision theory and economics, though. If you want to roll your own metric, surely you should call it something else - to avoid much confusion.

Comment author: Emile 12 May 2010 08:29:08PM 0 points [-]

That is why I'd rather talk in terms of bets than subjective probability - they don't require precise technical definitions.