Consider these two statements. 1. If someone's personal probabilities violate the Principle of Indifference, then they...
Consider these two statements.
1. If someone's personal probabilities violate the Principle of Indifference, then they can be Dutch booked
2. If someone has personal probabilities Pr(A & B) = Pr(A v B), then they can be Dutch booked
Only (1) is true.
Only (2) is true.
Neither is true.
Both (1) and (2) are true.
Homework Answers
Answer:
Given that
First statement:
If someone's personal probabilities violate the Principle of Indifference, then they can be Dutch booked.
Second statement:
If someone has personal probabilities Pr(A & B) = Pr(A v B), then they can be Dutch booked.
Explanation:
Sine Pr( A & B ) is not equal to Pr(A ∪ B) because the Second statement is not a true.Therefore only first statement is true.
Answer: Only (1) true
Hence the "option - A" is the correct answer.
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