What cost, exactly, do I pay for “leaving the path” here? It seems like I am not losing anything—all these bets have equal expected payout. It seems like the “paradox” is more of a sin against Savage than against Bayes, and who the hell is Savage?
What cost, exactly, do I pay for “leaving the path” here? It seems like I am not losing anything—all these bets have equal expected payout. It seems like the “paradox” is more of a sin against Savage than against Bayes, and who the hell is Savage?