I'll bet $50 that the sun hasn't just gone nova even in the presence of a neutron detector that says it has.
If I lose, I lose what $50 is worth in a world where the sun just went nova. If I win, I win $50 worth in a world where it didn't. That's a sucker bet even as the odds of the sun just having gone nova approach 1-Epsilon.
"So," the Lord Pilot finally said. "What kind of asset retains its value in a market with nine minutes to live?"
"Booze for immediate delivery," the Master of Fandom said promptly. "That's what you call a -"
"Liquidity preference," the others chorused.
http://xkcd.com/1132/
Is this a fair representation of frequentists versus bayesians? I feel like every time the topic comes up, 'Bayesian statistics' is an applause light for me, and I'm not sure why I'm supposed to be applauding.