guest4 comments on Expected Creative Surprises - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (41)
If the possibility of "creative surprises" depends on ignorance about the logical consequences of a game move, it seems that this would be best modeled as an asymmetric information problem.
It's interesting to note that the usual "Dutch-book" arguments for subjective probability break down under asymmetric information - the only way to avoid losing money to a possibly better-informed opponent is refusing to enter some bets, i.e. adopting an upper-lower probability interval.
Of course, such upper-lower spreads show up routinely in illiquid financial markets; I wonder whether any connections have been made between rational pricing conditions in such markets and imprecise probability theories like Dempster-Shafer, etc.