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Subjective Probabilities and common Knowledge Agreeing to disagree-the lemon juice out of your ear problem Assume for a second that people were risk neutral-utility is always just cash Some people say that you can get betting because of differences of opinion about probabilities In other words consider the situation where someone comes up to you and bets you 10 dollars that lemon juice is going to squirt out of your ear so you win if lemon juice doesn't squirt out of your earSubjective Probabilities and Common Knowledge Agreeing to disagree–the lemon juice out of your ear problem. Assume for a second that people were risk neutral–utility is always just cash. Some people say that you can get betting because of differences of opinion about probabilities. In other words, consider the situation where someone comes up to you and bets you 10 dollars that lemon juice is going to squirt out of your ear so you win if lemon juice doesn’t squirt out of your ear
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