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Then every time you wake I will sell you the following bet for $0.40: a bet that pays $1 if the coin landed heads, $0 if the coin did not land heads. How much money do you expect to make?Buzz Bloom said:I am a halfer.
Then every time you wake I will sell you the following bet for $0.40: a bet that pays $1 if the coin landed heads, $0 if the coin did not land heads. How much money do you expect to make?Buzz Bloom said:I am a halfer.
Well that is certainly true, but surely the question asserts a simple procedure that determines F. The experimenters flip a coin, and if they get heads, they wake up SB only on Monday. If tails, they wake her Monday and Tuesday. Any time they wake her, they allow her to bet at some given odds that the day is Monday. They also apply amnesia elixir so she cannot remember if she has been wakened before. That's it, that's all you need-- with that situation, is it not perfectly clear she will make money, after many identically repeated experiments, if she accepts any odds more favorable to her than a 2/3 chance it is Monday, and will lose for any odds less favorable than that?Stephen Tashi said:I'm saying that calculating P(heads| SB) awakened from the information in the problem objectively requires knowing (or deducing) a particular probabiiity distribution F on the situations { (heads, Monday, awakened) , (tails, Monday, awakened), (tails, Tuesday, awakened)}. The distribution F defines the "method of picking" the situation when SB is awakened. The distribution F implies a particular value for P(heads | SB is awakened) by using objective calculations for conditional probabilities.
Dale said:How much money do you expect to make?
stevendaryl said:Where are you getting that from?
Ken G said:Well that is certainly true, but surely the question asserts a simple procedure that determines F. The experimenters flip a coin, and if they get heads, they wake up SB only on Monday. If tails, they wake her Monday and Tuesday.
Buzz Bloom said:Hi Dale and steven:
I had a change of heart and am now a thirder. Please see my post # 498.
The only probability distribution involved in waking her up is described by the coin flip, there is no ambiguity, no assumptions-- it's all spelled out in the instructions.Stephen Tashi said:That correctly describes the situations can possibly be selected. However, it doesn't describe a probability distribution F telling how to determining which situation applies "when Sleeping Beauty is awakened" - unless you assume that each possible situation has an equal probability of being the one that applies.
Each situation does have equal probability, that's what gives the thirder result. There are three situations, correct?A "halfer" method of picking which situation applies when Sleeping Beauty is awakened is: Flip the coin and run the experiment. From those situations that arise the experiment after the coin flip, pick one of the situations at random, giving each situation an equal probability of being selected.
I agree. It is not a good illustration. You have to apply the definition of credence in this problem, but I don't think many people get the "now I get it" feeling from the problem.PeterDonis said:I observed before that IMO the Sleeping Beauty problem is not a good illustration of the concept of "credence",
That is correct. That is the definition of credence and that bet is the one that the halfer solution gets wrong. So do you now understand that 1/2 is not a valid solution to the problem?Stephen Tashi said:The definition of credence I quoted assumes a bet where the payoff from the event E is 1 unit of utility.and an buying the bet at price X doesn't affect the payoff.
It suffices to count the events after the experiment is repeated N>>1 times. There will be N wakings on Monday and N/2 wakings on Tuesday. SB knows only, in each waking, that she samples equally from both those sets, so she samples in each instance from 3N/2 wakenings, and on N of them, it is Monday. This suffices to tell her that there is a 2/3 chance it is Monday, or if you prefer, she will break even in the long run by taking 3 to 2 odds. Do you say that is not the case?andrewkirk said:On my analysis, the Thirder argument has the flaw that it assumes each of the two wakings in the Tails situation have the same probability as the waking in the Heads situation. That is not the case.
So you are now claiming that there are the same number of wakings on Monday as on Tuesday? You appear to be arguing that SB should think there is a 50% chance it is Monday. Of course that's not true, as can be seen if we do it for 99 days, not just 2. On heads, we awake her only on day 1, on tails, we awake her every day for 99 days. Do you say she should assess a 50% chance that it is Monday, based on the argument you just gave?So we have three potential wakings, with probabilities 0.5, 0.25, 0.25.
Ken G said:An answer can always be changed by doing something different.
You could change the odds of poker by assuming every hand has equal probability, but that's no way to win poker.
All halfers should answer this question. If the experiment is done for 99 days, and on heads, there is only an awakening on Monday, and on tails, there are 99 days of awakening, what should SB assess as her expectation that it is Monday? Can you possibly think there is any reasonable interpretation of that scenario where she does not expect it is vastly more likely that the day is not Monday? Yet if the day is not Monday, then the toss was a tails.Stephen Tashi said:You assume that there is something there that we can be different from.
I would say there is a 0.75=0.5+0.25 chance it is Monday, being the sum of the probs for Heads-Monday and Tails-Monday.Ken G said:SB knows only, in each waking, that she samples equally from both those sets, This suffices to tell her that there is a 2/3 chance it is Monday. Do you say that is not the case?
Ken G said:So you are now claiming that there are the same number of wakings on Monday as on Tuesday?
I think the answer is ( (1/2)(1) + (1/2)(1/99) , which may offend people's intuition, but it doesn't contradict any information given in the problem.Ken G said:All halfers should answer this question. If the experiment is done for 99 days, and on heads, there is only an awakening on Monday, and on tails, there are 99 days of awakening, what should SB assess as her expectation that it is Monday? .
Yes, but that's an expected value, not a probability, and the question is about a probability.eloheim said:At the end of many iterations of the experiment, isn't it pretty clear that the thirder is going to have a lot more dollars than the halfer?
That would lead to some really bad bettingStephen Tashi said:I think the answer is ( (1/2)(1) + (1/2)(1/99) , which may offend people's intuition, but it doesn't contradict any information given in the problem.
Hmm..I'll have to do a little reading about definitions in probability theory I think to fully understand this. Thanks for the reply.andrewkirk said:Yes, but that's an expected value, not a probability, and the question is about a probability.
Ken G said:Yes, it would offend my intuition to think I have a 50-50 chance of winning a poker hand with a pair of twos, but more to the point, I'd lose my shirt. So it's not about intuition, it's about payoff. There is no need to even invoke a concept of probability, one only needs to know the betting odds, which is about expected payoffs.
The betting strategy and the credence are linked by definition (specifically the definition of credence).Stephen Tashi said:Beauty' can determine her betting strategy without making any assumption that the probability of heads changes to 1/3 after she awakens.
eloheim said:The halfer thinks both heads and tails are equally likely, so she might as well guess heads every day, and it should make no difference from guessing tails, so that's what she does (always guess heads).
Dale said:The betting strategy and the credence are linked by definition (specifically the definition of credence).
Yes. Exactly. It is a single bet purchased each time she determines her credence.Stephen Tashi said:The definition of credence describes buying a single bet - see the definition of credence.
And since she knows she might have to buy the bet twice, she is purchasing an agreement that includes the possibility of being forced to make two bets.Dale said:Yes. Exactly. It is a single bet purchased each time she determines her credence.
More like she is rational so given the same information she will make the same bet multiple times. That is also stipulated in the problem setup.Stephen Tashi said:And since she knows she might have to buy the bet twice, she is purchasing an agreement that includes the possibility of being forced to make two bets.
In post 384 I have several links I found useful. The second one has a brief definition that we have seemed to settle on.andrewkirk said:Is there a definition of credence that has been agreed somewhere in the 537 posts?
Dale said:Do you now agree that the halfer solution is incompatible with the problem as stated, in particular with the definition of credence and the rationality of Beauty.