Dale said:
A and B don't just change the payoff, they change the wager.
I don't want to quibble over the meanings of words. My point was that both A and B are consistent with the description of the scenario as given in the Wikipedia article linked to in the OP of this thread; they take the same scenario, the one described in that article, and add different things to it. There is no wager described in that article, any more than there are payoffs described, so where we draw the line between those two words is, IMO, irrelevant. (But see the end of this post for a further note about my interpretation of the Wikipedia article's description.)
Dale said:
Here Beauty's credence "now" that the toss was heads gives the indifferent payout for your wager A. Your wager B would give something like the credence "now" that the toss was heads and that it is Monday.
I understand that this is how you are
defining "credence". I am just pointing out that this is a
definition. At least, that is the view I am taking, but perhaps I should expand on it some.
I don't think "credence", or probability for that matter, is an intrinsic property. It depends on what purpose you are going to use it for. If you were to put me in Beauty's place in this experiment and ask me my "credence" that the coin would turn up heads, my question in return would be, in effect: "What are the consequences of my answer going to be?" Probabilities, credences, etc. are tools we use to guide our actions based on expected consequences of those actions. You can't compute them if you don't know the consequences of the different possibilities, and that is the crucial information that the scenario on the Wikipedia page linked to in the OP of this thread leaves out. And post #67 shows that, by adding
different consequences to the same scenario, you can get different answers to the "credence" question.
To put this another way: "credence" is a word. "Probability" is a word. Words can refer to different concepts for different people. You are basically arguing that the concept "credence" should refer to (or more specifically the concept that the phrase "credence now that the coin came up heads" should refer to) is the one that leads to the answer 1/3 in the Sleeping Beauty scenario. But that, in itself, is an argument about what words should mean, not about how Beauty should answer when she's in the experiment. The latter question depends on what the consequences of her answer are going to be, and if the consequences are such that the answer that maximizes her expected return is 1/2, not 1/3 (e.g., if they are as in the B version in post #67), then saying that her answer isn't properly labeled as her "credence that the coin landed heads" doesn't change the consequences at all. It just changes what words we use to label things.
My understanding from reading the Wikipedia article and other links in the OP, and what other information I have been able to find online, is that the word "credence" does not have a sufficiently precise meaning to support the claim that, as the Sleeping Beauty scenario is described in the Wikipedia article, only the assignment of consequences in the A version in post #67 is consistent with it. That is why I said, above, that both the A and B versions in post #67 are consistent with the scenario as described in the Wikipedia article. If I'm mistaken in that belief, if in fact the term "credence" is in fact a more precise technical term in probability theory than I understand it to be, I would be interested in a reference, since my background in the probability theory literature is not very extensive.