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The bet on a bald

Author

Listed:
  • Vorobyev, Oleg Yu.

Abstract

A fixed company of players observes a person selected from a fixed queue. After each observation, players are asked to bet the dollar secret from others, either on the fact that person is bald or on what is not. A definite formula for the gain is suggested, such that every time after bets the gain of each player from a given company is completely determined by this formula. However, before bets player’s gain is an uncertain value. Is it possible for a given company of players and a given queue of people before bets to build a correct mathematical model of an uncertain gain of each player within the framework of Kolmogorov’s probability theory? If not, what else do you need to add to the foundations of probability theory so that before bets to be able to use this model for decision making? The paper answers these questions within the framework of the new theory of experience and of chance (the certainty theory) [1] that consists of two dual halves: the believability theory and the probability theory, and that is intended for the mathematical description of experienced-random experiments, the uncertainty in outcomes of which is generated by the observer.

Suggested Citation

  • Vorobyev, Oleg Yu., 2016. "The bet on a bald," MPRA Paper 81895, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:81895
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    File URL: https://mpra.ub.uni-muenchen.de/81895/1/MPRA_paper_81895.pdf
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    Cited by:

    1. Vorobyev, Oleg Yu., 2016. "Postulating the theory of experience and chance as a theory of co~events (co~beings)," MPRA Paper 81892, University Library of Munich, Germany.

    More about this item

    Keywords

    Eventology; event; co~event; probability; believability; certainty; theory of experience and of chance; certainty theory; bet on bald.;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • C0 - Mathematical and Quantitative Methods - - General
    • C00 - Mathematical and Quantitative Methods - - General - - - General
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • Z1 - Other Special Topics - - Cultural Economics
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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