Two Plus Two Newer Archives  

Go Back   Two Plus Two Newer Archives > Other Topics > Science, Math, and Philosophy
FAQ Community Calendar Today's Posts Search

Reply
 
Thread Tools Display Modes
  #1  
Old 06-08-2007, 11:42 AM
bigpooch bigpooch is offline
Senior Member
 
Join Date: Sep 2003
Location: Hong Kong
Posts: 1,330
Default Another Bent Coin Problem

Suppose I have a coin and bend it so that the probability
of it landing heads, call that P, if I flip is NOT 1/2
(after all, there might be a reason to bend the coin).

What then?

Without any extra information, the betting line is at 1-1,
yet we don't know on which side we would have the best of
it.

On the one hand, there is some information, but because it
is so little ({1/2} is not only a set of measure zero on
[0,1], but it's a mere "point"), the Bayesians will still
say their value of P is 1/2. The frequentists will say that
we don't know what P is, but it isn't 1/2.

Is my "interpretation" of the common points of view correct?
Reply With Quote
  #2  
Old 06-08-2007, 01:18 PM
PLOlover PLOlover is offline
Senior Member
 
Join Date: Jun 2005
Posts: 3,465
Default Re: Another Bent Coin Problem

my ? is that using sklansky view you can use knowledge to not lose money against a bent coin, but what use can you put the jason/PTB view?
Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -4. The time now is 01:53 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.