Coherence (philosophical gambling strategy)
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In a thought experiment proposed by the Italian probabilist Bruno de Finetti in order to justify Bayesian probability, an array of wagers is coherent precisely if it does not expose the wagerer to certain loss regardless of the outcomes of events on which they are wagering, even if their opponent makes the most judicious choices.
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See also
- Arbitrage-free, analogous concept in mathematical finance
- Divide and choose
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