Gram_Stone comments on 0 And 1 Are Not Probabilities - Less Wrong
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I don't see why both aren't useful. If you want a descriptive model instead of a normative one, try prospect theory.
I just don't see this article as an axiom that says probabilities of 0 and 1 aren't allowed in probability theory. I see it as a warning not to put 0s and 1s in your AI's prior. You're not changing the math so much as picking good priors.