AlephNeil comments on Dutch Books and Decision Theory: An Introduction to a Long Conversation - Less Wrong

19 Post author: Jack 21 December 2010 04:55AM

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Comment author: AlephNeil 21 December 2010 12:24:26PM 15 points [-]

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)?

Comment author: Will_Sawin 21 December 2010 05:00:21PM 3 points [-]

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.

Comment author: Eliezer_Yudkowsky 21 December 2010 04:17:39PM 2 points [-]

Correct.