Could you pick any real world example you like, where the probabilities needed to avoid dutch book aren’t obvious, and point them out
Well, I’m not sure, in that I’m not convinced that Dutch Booking really does occur much in real life other than in the obvious contexts. But there are a lot of contexts it does occur in. For example, a fair number of complicated stock maneuvers can be thought of essentially as attempts to dutch book other players in the stock market.
Well, I’m not sure, in that I’m not convinced that Dutch Booking really does occur much in real life other than in the obvious contexts. But there are a lot of contexts it does occur in. For example, a fair number of complicated stock maneuvers can be thought of essentially as attempts to dutch book other players in the stock market.
Koth already had an amusing response to that.
Someone here told me it does. Maybe you can go argue with him for me ;-)
I agree.