Extreme coherent laws are 2 by 2 laws
Extreme coherent laws are 2 by 2 laws
Let be the compact convex set of coherent probability laws of on , and let denote its extreme points. A law is a law if is supported on at most two values of and at most two values of . Extreme-law conjecture. Every law in is a law. Characterizing the extreme coherent laws is presented as an open problem, and the source gives no resolution of this stronger particular assertion.
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Primary source
Krzysztof Burdzy and Jim Pitman, “Bounds on the probability of radically different opinions”, arXiv:1903.07773 (2019).
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