03-08-2002, 07:00 PM
Lee Jones, Tommy Angelo, Jim Brier and others have made the point that even though a poker problem with all assumptions known can be reduced to a math problem, that doesn't usually matter. They point out that few poker situations are clearcut enough that you can be assured of your assumptions. Most people would like to believe this argument since they think they now have an excuse for not knowing how to do the math. But they are wrong. The following example shows why:
Suppose in a particular poker situation John's assumptions result in the mathematical conclusion that betting increases EV by $7. George's assumptions result in the conclusion that checking is better and is in fact $2 better than betting.
Now Sally comes along. She is a great instinctive player, but weak in math. By her incorrect calculations, John's assumtions, if right, make a bet $5 better than a check. She also miscalculates that George's assumptions make a check $5 better.
At this point she uses her superior judgement to assess that there is a 60% chance that the assumptions George makes about the other players is in fact the right one. So she checks. By doing that she costs herself $1.60 in EV despite the fact that she will have made the right play most of the time. Had she been able to do the math properly she would have bet.
Rarely can you be absolutely certain of your assumptions. So you must assign probabilities to them. But that doesn't mean that you should always pick the play that will more likely result in a higher EV. The point is that good judgement about what are the right assumptions can still lead you to the wrong conclusions unless you can do the math. The above problem is an example. So is the T9 hand.
Suppose in a particular poker situation John's assumptions result in the mathematical conclusion that betting increases EV by $7. George's assumptions result in the conclusion that checking is better and is in fact $2 better than betting.
Now Sally comes along. She is a great instinctive player, but weak in math. By her incorrect calculations, John's assumtions, if right, make a bet $5 better than a check. She also miscalculates that George's assumptions make a check $5 better.
At this point she uses her superior judgement to assess that there is a 60% chance that the assumptions George makes about the other players is in fact the right one. So she checks. By doing that she costs herself $1.60 in EV despite the fact that she will have made the right play most of the time. Had she been able to do the math properly she would have bet.
Rarely can you be absolutely certain of your assumptions. So you must assign probabilities to them. But that doesn't mean that you should always pick the play that will more likely result in a higher EV. The point is that good judgement about what are the right assumptions can still lead you to the wrong conclusions unless you can do the math. The above problem is an example. So is the T9 hand.