This is a bet at 30% probability, as 42.86/142.86 = .30001.That is the average of Alice’s probability and Bob’s probability. The fair bet according to equal subjective EV is at the average of the two probabilities; previous discussion here.
I did not realize that. Thank you for the reference!
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This is a bet at 30% probability, as 42.86/142.86 = .30001.
That is the average of Alice’s probability and Bob’s probability. The fair bet according to equal subjective EV is at the average of the two probabilities; previous discussion here.
I did not realize that. Thank you for the reference!