Re: Tournament Theory question
This is what I hate about the questions posed by Sklansky here. He poses a question in a tone that the answer is obvious, but often incompletely specifies the conditions such that multiple answers are possible. Maybe he just likes to have multiple answers so that more back and forth goes on.
If he means that there is a 60% chance you will have 20K at the end of the first day (or even some time during the first day), E is the obvious answer.
If instead he means that you have a 60% chance that you largest stack achieved in the tournament is 20K or greater, then C seems to be the answer. B is also a possible answer since having a large stack now may give you more opportunities. Some would, however, say D because they overestimate the difference in chip values between small and large stacks.
Since the second alternative has more gray area, he must have meant the first, though the wording seems closer to the second.
Arghhhhhh,
Craig
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