Journal of the American Statistical Association · 1972 · 579 citations · 4 references
BusinessMathematicsDecision AnalysisDecision TheoryProbability TheoryChoice Under UncertaintyDecision Under RiskDecision Under UncertaintyDecision-making Under UncertaintyProbability InequalitiesSequential Decision-makingPossibility TheoremsSequential Operations
Abstract This paradox is the possibility of P(A|B) <P(A|B') even though P(A|B)≥P(A| B') both under the additional condition C and under the complement C' of that condition. Details are given on why this can happen and how extreme the inequalities can be. An example shows that Savage's sure-thing principle (“If you would definitely prefer g to f, either knowing that the event C obtained, or knowing that C did not obtain, then you definitely prefer g to f.”) is not applicable to alternatives f and g that involve sequential operations.
4
An Introduction to Logic and Scientific Method.
H. T. C., Morris R. Cohen, Ernest Nagel · The Journal of Philosophy · 1934 · 702 citations
Humanities, Mathematics, Philosophy +12
An Introduction to Logic and Scientific Method
Cohen Morris R., l Nage · The Journal of Nervous and Mental Disease · 1934 · 360 citations
Humanities, Mathematics, Philosophy +12