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Publication date: 1 de June, 2021A stemwinder about coin flips
Unlike free advice, which can be a real bore to endure, accepting free information when it is available seems like a Good idea. In fact, it is: I.J. Good (1950) proved a result where, under certain assumptions, it pays you ‘in expectation’ to acquire new information when it is free. This talk takes a look at those assumptions and invites you to consider a diabolically simple experiment involving a pair of coin tosses. It will turn out that not only should you refuse my free offer to tell you how the experiment turns out, but you should be willing to pay me to not tell you. Bring your wallets!
| Date | 17/11/2010 |
|---|---|
| State | Concluded |
| Host Bio | Gregory Wheeler (PhD, Rochester) is Senior Research Scientist at CENTRIA, The Center for Artificial Intelligence Research at the New University of Lisbon, Head of the Formal Epistemology and Logic Group, and (from January 2011) Editor-in-Chief of Minds and Machines. His new book, Probabilistic Logics and Probabilistic Networks, co-authored with Rolf Haenni, Jan-Willem Romeyn, and Jon Williamson, is due out in November 2010. |