AlephNeil comments on Dutch Books and Decision Theory: An Introduction to a Long Conversation - Less Wrong
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Imagine he has read and memorized all of Z.
If you want to make it a bit less unrealistic, imagine there are only, say, 1000 difficult proofs randomly chopped and spliced rather than a gazillion - but still too many for the subject to make head or tail of. Perhaps imagine them adding up to a book about the size of the Bible, which a person can memorize in its entirety given sufficient determination.
Oh I see. Chopped and spliced. That makes more sense. I missed that in your previous comment.
The Bayesian still does not know that Z implies Y, because he has not found Y in Z, so there still isn't a problem.