“Subjective probability” is a basic term in decision theory and economics, though. If you want to roll your own metric, surely you should call it something else—to avoid much confusion.
That is why I’d rather talk in terms of bets than subjective probability—they don’t require precise technical definitions.
“Subjective probability” is a basic term in decision theory and economics, though. If you want to roll your own metric, surely you should call it something else—to avoid much confusion.
That is why I’d rather talk in terms of bets than subjective probability—they don’t require precise technical definitions.