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Old 09-25-2002, 08:42 PM
Buzz Buzz is offline
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Join Date: Sep 2002
Location: L.A.
Posts: 598
Default Re: Omaha sets vs. over-sets; simulation

I think the discrepancy is an indicator of the accuracy of the sample size.

Mack - I agree the discrepancy is an indicator of the sample size (number of
deals).

My background is in science, thus the "experimental uncertainty"
terminology. Other things being the same in a scientific experiment, the
larger the sample size, the less the experimental uncertainty.

What I meant about the luck is that someone can play garbage and draw out
on you, and maybe do that for a whole evening, but over the long haul the
luck factor will tend to even out. The longer the haul, the more the luck
factor evens out.

It's especially interesting that after 100000 trials (deals), a number that seems like a very large number of deals, there was still a 3% discrcepancy
(which I'm thinking of as related to "luck.") That 3% discrcepancy
somehow seems like a lot, because 100000 deals seems like a lot. Yet maybe 100000 shouldn't seem like such a large nunber when we're
thinking in terms of sample size.

Interesting data. Thanks for gathering it.

Buzz

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