FAWS comments on Welcome to Less Wrong! - Less Wrong

48 Post author: MBlume 16 April 2009 09:06AM

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Comment author: FAWS 26 December 2011 11:00:24PM *  1 point [-]

In a case with extremely asymmetric information like this one they actually are almost the same thing, since the only payoff you can reasonably expect is the rhetorical effect of offering the bet. Offering bets the other party can refuse and the other party has effectively perfect information about can only lose money (if money is the only thing the other party cares about and they act at least vaguely rationally).