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It would be interesting to see empirical evidence to explore this question further.

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i think that's the one thing missing in poker research. i'd love to see a study of 1000 low entry fee tournaments and see how things evolve.... i know some of it has been done and linked to risk-aversion etc... i basically have never seen a huge study that was user-friendly... i know the experienced authors know this stuff inside and out, but i want to see an actual study.