The formula just explains why the gain from the strategy is 0.25; the expected value of the other envelope is 5Y/4. — Michael
philosophy in general - which you regularly express contempt for. — fdrake
As soon as you apply an expectation operator to the random variable in the envelope, you're already required to apply the context of long term behaviour and the independent repeatability of the trial. — fdrake
if his assumptions are — fdrake
Which is why you need to stop and ask yourself, "Is this correct?" You need to make sure what you are doing is applicable. It is math, not magic, you need to make sure your approach fits. God forbid I question the legitimacy of this approach. — Jeremiah
Get involved in philosophical discussions about knowledge, truth, language, consciousness, science, politics, religion, logic and mathematics, art, history, and lots more. No ads, no clutter, and very little agreement — just fascinating conversations.