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Belief probability isn't an arbitrary number that you get to declare. A rational student isn't going to be 100% certain that the test is Monday. If you think
by shasta 15y ago
Belief probability isn't an arbitrary number that you get to declare. A rational student isn't going to be 100% certain that the test is Monday. If you think you could be, let's set this up. Bring your wallet so that we can wager.
- rcthompson 15y agoYes indeed, my suggested strategy assumes that there is no penalty for guessing wrong except on the day of the exam.