I don’t think that your typical prison inmate is a perfect Bayesian.
I rather think that that should be, ideally, adjusted so that overall utility is maximized (weighing the utility of prisoners equally as the utility of the rest), which will be vastly different both from reality and from your model assuming the above proposition.
I don’t think that your typical prison inmate is a perfect Bayesian.
I rather think that that should be, ideally, adjusted so that overall utility is maximized (weighing the utility of prisoners equally as the utility of the rest), which will be vastly different both from reality and from your model assuming the above proposition.