PHLA10H3 Lecture Notes - Lecture 10: Decision Matrix, Expected Utility Hypothesis, Omnipotence
Document Summary
Blaise pascal: 17th century philosopher; invented the theory of probability (with. No scoring 5 and 5 for 10 is one condition: invented decision theory, expected utility of an action: Multiply chance of action succeeding by payoff (utility) of successful outcome. (payoff/utility) x 0. 5 (chance) = sh. 50 (exp. Lotto 6/49 prize is million. Chance of winning is 14million what is the expected utility. What is the expected utility of this complex game: st. petersburg. You get paid n where n is the number of time you get heads in a row (game over with tails) To find eu, you need probability of god existing, p(g) = : suppose it is not zero, > 0, thus eu of belief is positive infinity. God does not exist a small negative x 1 - . A small positive x 1 - : the expected utility of believe in god, is higher than not believing in god.
