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Is P(Doom) Meaningful? Epistemology Debate with Vaden Masrani and Ben Chugg

Doom Debates

CHAPTER

Understanding Expected Value and Decision-Making

This chapter explores the concept of expected value and its significance in decision-making, particularly in trading and betting contexts. The discussion includes a comparison between Bayesian statistics and common sense reasoning, along with the application of these theories to predicting outcomes such as elections. Additionally, the chapter examines the reliability of prediction markets and their role in shaping probabilistic reasoning amid uncertainties.

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