A "Dutch book" refers to a scenario in probability theory and financial mathematics that illustrates the concept of coherence in belief systems, particularly in relation to bets and odds. The term is often associated with the work on betting systems and rational decision-making. In essence, a Dutch book is a situation where a person's set of odds or beliefs about outcomes is inconsistent, allowing another party to make a series of bets that guarantees them a profit regardless of the outcome.
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