Dutch books and nonclassical probability spaces

We investigate how Dutch Book considerations can be conducted in the context of two classes of nonclassical probability spaces used in philosophy of physics. In particular we show that a recent proposal by B. Feintzeig to find so called "generalized probability spaces" which would not be susceptible to a Dutch Book and would not possess a classical extension is doomed to fail. Noting that the particular notion of a nonclassical probability space used by Feintzeig is not the most common employed in philosophy of physics, and that his usage of the "classical" Dutch Book concept is not appropriat... Mehr ...

Verfasser: Wroński, Leszek
Godziszewski, Michał Tomasz
Dokumenttyp: artykuł w czasopiśmie
Erscheinungsdatum: 2017
Schlagwörter: generalized probability spaces / Dutch books / nonclassical probability
Sprache: Englisch
Permalink: https://search.fid-benelux.de/Record/base-27413057
Datenquelle: BASE; Originalkatalog
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Link(s) : http://ruj.uj.edu.pl/xmlui/handle/item/40061

We investigate how Dutch Book considerations can be conducted in the context of two classes of nonclassical probability spaces used in philosophy of physics. In particular we show that a recent proposal by B. Feintzeig to find so called "generalized probability spaces" which would not be susceptible to a Dutch Book and would not possess a classical extension is doomed to fail. Noting that the particular notion of a nonclassical probability space used by Feintzeig is not the most common employed in philosophy of physics, and that his usage of the "classical" Dutch Book concept is not appropriate in "nonclassical" contexts, we then argue that if we switch to the more frequently used formalism and use the correct notion of a Dutch Book, then all probability spaces are not susceptible to a Dutch Book. We also settle a hypothesis regarding the existence of classical extensions of a class of generalized probability spaces.