Imagine someone who acted appropriately towards particular risks (maybe not very artificial ones like betting, but someone who did things like saving an appropriate proportion of their income, spent an appropriate amount of their free time doing fun-but-dangerous things like skydiving), but couldn’t translate their risk attitudes into numbers.
Are these two things significantly different?
Imagine someone who acted appropriately towards particular risks (maybe not very artificial ones like betting, but someone who did things like saving an appropriate proportion of their income, spent an appropriate amount of their free time doing fun-but-dangerous things like skydiving), but couldn’t translate their risk attitudes into numbers.