What is your intuition about this probability comparison?
13
Never closes
1.0
2/3~=0.67
This is essentially the same question as https://manifold.markets/KongoLandwalker/what-is-your-intuition-about-this-p but with higher initial probability (ie. closer to 1).
We have two different independent potential events A and B.
Somebody says: "Probability of A is 0.5. Event B is two times more likely than A."
What number comes to your mind as probability of B?
1) "Multiply the absolute value". 0.5*2=1
2) "Multiply the chances". There were 50 "tickets in a hat" and only 25 of them was suitable for event A, 25 invalid. (0.5=25/(25+25)). We multiply the suitable tickets and don't touch any other.
50/(50+25)=50/75=2/3
This question is just about how you interpret the phrase "more likely".
This question is managed and resolved by Manifold.
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