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Perplexed comments on Taking Ideas Seriously - Less Wrong
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Short time limits don't mean that agents can't meaningfully assign probabilities to the truth of scientific theories - they just decrease the chances of the theories being proven wrong within the time limit a bit.
What is a time limit? Do actual bets on this sort of thing in Britain stipulate a time limit? As a Yank, I have no idea how betting 'markets' like this like this actually work.
Prediction markets/betting markets like Intrade or Betfair pretty universally set time limits on their bets. (Browse through Intrade sometime.) This does sometimes require changing the bet/prediction though - from 'the Higgs boson will be found' to 'the Higgs boson will be found by 2020'. Not that this is a bad thing, mind you.