Re: Hypothetical situation, would like some discussion
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This is a common mistake that people make when attempting to quantify situations with a very high cost/benefit and a very low frequency.
Yes, someone with an average skill level will not make the money in 90% of the WSOP events they play, it is easy to say that someone with 20,000 chips who has a .02% higher of a chance to make the money has "the same expected value", but its not true. With an insanely deep event like this, doubling your stack "feels" the same in terms of $EV b/c you still have so much further to go, but increasing your chances of winning by apx .02% does in fact double your $EV b/c the payout is so large.
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Still doesn't mean your going to win does it!!!! [img]/images/graemlins/tongue.gif[/img]
EV SCHMEV I DON'T WANT TO GO BROKE
edit: spelled schmev wrong the first time [img]/images/graemlins/grin.gif[/img]
ok, I'm done....
Regards,
Woodguy
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