It's not obvious that one is better off with the truth. Assume that for some desirable thing X:
P(X|I believe X will happen) = 49%
P(X|I believe X won't happen) = 1%
It seems I can't rationally believe that X will happen. Perhaps I would be better off being deluded about it.
Sorry, I don't understand - why does sum of probabilities not equal 100% in your example? Assume that you missed "5" in "P(X|I believe X won't happen) = 1%"
Perhaps I would be better off being deluded about it.
But for what reason?
Another month has passed and here is a new rationality quotes thread. The usual rules are: