This is true. I’m not sure that the probabilities you assign need to be consistent in order to be useful though—you can update them at the point when you discover an inconsistency.
Also, there’s surely something analogous to value-of-information even when you don’t have probabilistic beliefs as such?
This is true. I’m not sure that the probabilities you assign need to be consistent in order to be useful though—you can update them at the point when you discover an inconsistency.
Also, there’s surely something analogous to value-of-information even when you don’t have probabilistic beliefs as such?