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[1] The decision maker acts as if he believes that the sequence of random variables\n", "$ [z_{0}, z_{1}, \\ldots] $ is *exchangeable*. See [Exchangeability and Bayesian Updating](https://python-intro.quantecon.org/exchangeable.html) and\n", "[[Kre88]](https://python-programming.quantecon.org/zreferences.html#kreps88) chapter 11, for discussions of exchangeability." ] } ], "metadata": { "date": 1585449013.2807658, "filename": "wald_friedman.rst", "kernelspec": { "display_name": "Python", "language": "python3", "name": "python3" }, "title": "A Problem that Stumped Milton Friedman" }, "nbformat": 4, "nbformat_minor": 2 }