Coherence (philosophical gambling strategy)
In a thought experiment proposed by the Italian probabilist Bruno de Finetti in order to justify Bayesian probability, an array of wagers is coherent precisely if it does not expose the wagerer to certain loss if his opponent is prudent.
Related Topics:
Thought experiment - Bruno de Finetti - Bayesian probability
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~ Table of Content ~
| ► | Introduction |
| ► | Operational subjective probabilities as wagering odds |
| ► | "Dutch books" |
| ► | Conditional wagers and conditional probabilities |
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