bigjeff5 comments on Knowing About Biases Can Hurt People - Less Wrong

70 Post author: Eliezer_Yudkowsky 04 April 2007 06:01PM

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Comment author: wedrifid 22 February 2011 01:49:17AM 7 points [-]

However, if you were to wager on whether or not the dice will come up as either 5 or 6, the only rational position is to bet against it.

You need to specify even odds. Bayesians will bet on just about anything if the price is right.

Comment author: bigjeff5 22 February 2011 11:36:38PM 3 points [-]

Odds on dice are usually assumed even unless specified otherwise, but it's never wrong to specify it, so thanks.

Comment author: wedrifid 23 February 2011 02:27:33AM 0 points [-]

Odds on dice are usually assumed even unless specified otherwise

On the other hand when considering rational agency some come very close to defining 'probability' based on what odds would be accepted for bets on specified events.

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