However, if you were to wager on whether or not the dice will come up as either 5 or 6, the only rational position is to bet against it.
You need to specify even odds. Bayesians will bet on just about anything if the price is right.
Odds on dice are usually assumed even unless specified otherwise, but it’s never wrong to specify it, so thanks.
Odds on dice are usually assumed even unless specified otherwise
On the other hand when considering rational agency some come very close to defining ‘probability’ based on what odds would be accepted for bets on specified events.
You need to specify even odds. Bayesians will bet on just about anything if the price is right.
Odds on dice are usually assumed even unless specified otherwise, but it’s never wrong to specify it, so thanks.
On the other hand when considering rational agency some come very close to defining ‘probability’ based on what odds would be accepted for bets on specified events.