AlephNeil comments on Dutch Books and Decision Theory: An Introduction to a Long Conversation - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (100)
Isn't that like saying you got Dutch-booked for assigning 1/2 as the probability of heads (because a clairvoyant will be able to foresee that the coin is actually falling tails)?
The relevant point is that, in real life, computation requirements can keep you from calculating the exact Bayesian probability, which will lead to dutch-booking if an agent with enough computing power has a good model of the approximation you're using.
Correct.