Dutch book theorems
id:
dutch-book-theorems-205-2026953
title:
Dutch book theorems
text:
In decision theory, economics, and probability theory, the Dutch book arguments are a set of results showing that agents must satisfy the axioms of rational choice to avoid a kind of self-contradiction called a Dutch book. A Dutch book or money pump is a set of bets that ensures a guaranteed loss, i.e. the gambler will lose money no matter what happens. A set of beliefs and preferences is called coherent if it cannot result in a Dutch book. The Dutch book arguments are used to explore degrees of
brand slug:
wiki
category slug:
encyclopedia
description:
Thought experiment, to justify Bayesian probability
original url:
https://en.wikipedia.org/wiki/Dutch_book_theorems
date created:
2004-07-29T15:13:47Z
date modified:
2024-09-10T12:12:04Z
main entity:
{"identifier":"Q715108","url":"https://www.wikidata.org/entity/Q715108"}
image:
fields total:
13
integrity:
15