- #561
Stephen Tashi
Science Advisor
- 7,861
- 1,600
Ken G said:But you are mixing up the probability of heads in one way of framing the calculation, with her credence, which can be shown to be quite different.
.
Before we get into the details, let me clarify my viewpoint. My viewpoint is that the posterior probability of heads P(heads | SB is awakened) cannot be calculated from the information in the problem. Asking for it's value is an ill-posed problem and is irrelevant for planning a betting strategy. As you pointed out, planning a betting strategy should use P(Heads = 1/2)., not P(Heads|wake). The value P(heads)= 1/2 is used regardless of whether one is a "halfer" or "thirder" or agnostic about P(heads|SB awakened).
In my view, when SB answers "What is your credence that the coin landed heads?", she gives a dishonest answer if she reports the number based on her betting strategy. However, many posters in this thread are willing to accept her report as her credence that the coin landed heads, so they don't object to it. Her report is dishonest because she is not considering a simple bet "You get $1 if the coin lands heads". Instead, when planning her strategy, she considering that paying a price X for the bet obligates her to pay that price every time the bet is offered. Two different versions of the bet might offered. On Monday, it is an even bet. On Tuesday (if offered) the bet is a sure loser.
Since calculating P(Heads| awake) is an ill-posed problem, SB cannot offer a "credence" for the event (Heads | awake) unless she makes some assumptions. She does not need to calculate P(Heads| awake) unless the experimenter is stickler and can propose a bet on "You get $1 if the coin lands heads" that is a "pure" bet - i.e. a bet with no conditions that she might have to buy another bet with different expected payoff. (I myself haven't been able to formulate a "pure" bet. that could be offered to SB during the experiment.)
From my reading, the general opinion of those who have studied the SB problem is that one cannot distinguish between the "halfer" and "thirder" positions by bets that can be offered during the experiment, provided we assume SB is rational and plans a betting strategy that is independent of her opinion of P(Heads|awake).
Both "thirders" and "halfers" are incorrect to assert that their answer for P(Heads|awake) is the unique correct answer. Both the "thirder" and the "halfers" are correct that that one can create a probability model that is consistent with their answer for P(Heads|awake) and does not contradict the information given in th SB problem. The computation of a betting strategy is independent of such a probability model.
Last edited: