Abstract
It has long been common to identify an agent’s degrees of belief with her betting rates. Here is this betting interpretation (BI) in a nutshell: A bet on a proposition A with price C and a non-zero stake S (= the monetary prize to be won by the bettor if A is true) is said to be fair for an agent iff the latter is willing to take each side of the bet, to buy the bet as to sell it. Assuming that such a bet on A exists and that the C/S ratio is constant for different fair bets on A, this ratio is the agent’s betting rate for A.
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© 2014 Springer International Publishing Switzerland
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Rabinowicz, W., Eriksson, L. (2014). Betting Interpretation and the Problem of Interference. In: Galavotti, M.C., Nemeth, E., Stadler, F. (eds) European Philosophy of Science – Philosophy of Science in Europe and the Viennese Heritage. Vienna Circle Institute Yearbook, vol 17. Springer, Cham. https://doi.org/10.1007/978-3-319-01899-7_8
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DOI: https://doi.org/10.1007/978-3-319-01899-7_8
Publisher Name: Springer, Cham
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