MugaSofer comments on The Fallacy of Gray - Less Wrong

97 Post author: Eliezer_Yudkowsky 07 January 2008 06:24AM

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Comment author: non-expert 14 January 2013 07:55:45AM 0 points [-]

I actually don't think we're using the word differently -- the issue was premised solely for issues where the answer cannot be known after the fact. In that case, our use of "confidence" is the same -- it simply helps you make decisions. Once the value of the decision is limited to the belief in its soundness, and not ultimate "correctness" of the decision (because it cannot be known), rationality is important only if you believe it to be correct way to make decisions.

Comment author: MugaSofer 14 January 2013 09:31:30AM -1 points [-]

Indeed. And probability is confidence, and Bayesian probability is the correct amount of confidence.