Re: Is it really necessary to have your \"limit\"?
I think the ability to move up and down INTELLIGENTLY is very important for players looking to pay the rent.
Approaching this from the viewpoint of maximizing UTILITY (basically risk adjusted expectation), is the right way to approach this, and thus a slightly different equation for everyone depending on their individual risk tolerance.
My risk tolerance is relatively high I think. I will play as many high games as are available, dipping down to 50/100 when I cannot find enough good games higher. On my way up through limits I did not have to take a step back once I was north of 15/30, but remember when i started I bounce back and forth between .5/1 and up to 3/6 before i started moving up.
I think some on these boards play too low, and I think some play too high. Some have good reasons for doing it, some do not. Maximizing dollar expectation is certainly a big part of it, but you also want to adjust for risk, so I think maximizing expected utility is the best way to approach it.
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