@Meaningness does prospect theory have any bearing on your thoughts re Bayesianism? http://en.m.wikipedia.org/wiki/Prospect_theory …
@eran Yes—this is one reason I think everyone should be taught probability in high school!
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@Meaningness it implies that probabilistic thinking applies more often than your recent post suggests. Are you saying Bayes not needed? -
@eran Bayes is a sometimes-useful tool; the -ism makes it The Answer. - 3 more replies
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