rebellionkid 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: rebellionkid 05 February 2012 10:33:48AM 0 points [-]

I'd always thought "What bets do I take" was the justification for Bayesian epistemology. Every policy decision (every decision of any kind) is a statement of the form "I'm prepared to accept these costs to receive these outcomes given these events", this is a bet. If Bayesian epistemology lets you win bets then that's all the justification it could ever need.

Comment author: Jack 06 February 2012 04:57:20AM 0 points [-]

The above discussion about "what bets do I take?" is about literal, monetary wager-making. The sense in which any decision can be described in a way that is equivalent to such a wager is precisely the question being discussed here.