Vaniver comments on 5 Axioms of Decision Making - Less Wrong

35 Post author: Vaniver 01 December 2011 10:22PM

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Comment author: Vaniver 02 December 2011 04:13:09PM 4 points [-]

I'm pretty sure that a Dutch Book is only a Dutch Book if it's pure arbitrage- that is, you beat someone using only the odds they publish. If you know more than someone else and win a bet against them, that seems different.

It seems also a bit like the sort of thing that might be undecidable.

Quite possibly. I'm not a good judge of mathematical truth- I tend to be more trusting than I should be. It looks to me like if you can prove "every prime can be expressed as the output of algorithm X", where X is some version of the Collatz conjecture in reverse, then you're done. (Heck, that might even map onto the Sieve of Eratosthenes.) That it isn't solved already drops my credence down from ~.95 to ~.8.

Comment author: wedrifid 02 December 2011 04:46:00PM 0 points [-]

I'm pretty sure that a Dutch Book is only a Dutch Book if it's pure arbitrage- that is, you beat someone using only the odds they publish. If you know more than someone else and win a bet against them, that seems different.

Yes. Crudely speaking they have to be stupid, not just ignorant!

Comment author: prase 02 December 2011 05:04:03PM 0 points [-]

Not being able to decide upon the Collatz conjecture is stupidity, not ignorance. A very widespread sort of stupidy, but still.

Comment author: wedrifid 02 December 2011 05:45:23PM *  0 points [-]

Grandparent is self contained and entirely Collatz-independent.

Comment author: prase 02 December 2011 05:02:23PM 4 points [-]

I'm pretty sure that a Dutch Book is only a Dutch Book if it's pure arbitrage- that is, you beat someone using only the odds they publish. If you know more than someone else and win a bet against them, that seems different.

They publish probability of axioms of arithmetics being roughly 1 and probability of Collatz conjecture being 0.8, you see that the conjecture is logically equivalent to the axioms and thus that their odds are mutually inconsistent. You don't "know" more in the sense of having observed more evidence. (I'd agree that this is a tortured interpretation of Dutch booking, but it's probably what you get if you systematically distinguish external evidence from own reasoning.)