Construct · 1 fields · 1 citations

Dutch book argument: a standalone construct

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Decision theory

the argument that betting odds violating the probability axioms expose the bettor to a set of bets that loses money whatever happens.

In decision theory, Dutch book argument refers to the argument that betting odds violating the probability axioms expose the bettor to a set of bets that loses money whatever happens. This meaning comes from Kemeny (1955) in Journal of Symbolic Logic.[1]

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Nearby constructs

argument3 fields · 3 citationsjingle · one word, three constructs book1 fields · 1 citationsanchor · a standalone construct

References

Kemeny, J. G. (1955). Fair bets and inductive probabilities. Journal of Symbolic Logic, 20(3), 263-273. https://doi.org/10.2307/2268222

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