“Pascal’s wager” denotes several different fallacies, which are present in Pascal’s original argument.
Instrumentally, it refers to estimating expected utility based only on a possible outcome with an extremely large (positive or negative) payoff, without taking into account the fact that said outcome has an extremely small probability.
“Pascal’s wager” denotes several different fallacies, which are present in Pascal’s original argument.
Instrumentally, it refers to estimating expected utility based only on a possible outcome with an extremely large (positive or negative) payoff, without taking into account the fact that said outcome has an extremely small probability.