Re: RANDOM thoughts
[ QUOTE ]
But don't we talk about variance every day? I think most, or many at least, of us have a good idea of the role that variance plays in our results.
[/ QUOTE ]
I think that it is almost like a buzzword for a lot of people. Someone post stats saying "I have a 50% ROI after 150 tournaments". Then well all say "Just wait for variance to kick in".
Meanwhile, the same poster who just posted the above statement about variance makes a seperate post saying "Look how well I did this month". His results are more reasonable and seemingly more attainable so we all say "Way to go" and assume that we should all aspire to have a 25% ROI at the 109s, or a 33% ROI at the 11s or whatever.
Meanwhile, the poster never posts the results of how well he did the other 11 months out of the year.
|