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Old 11-11-2002, 04:52 AM
Glenn Glenn is offline
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Join Date: Sep 2002
Location: New Jersey
Posts: 730
Default Re: Fallacious terms - \"Regression to mean\"

The partial understanding of concepts is often more dangerous than never being exposed to them at all. It is my belief that people without a strong background in statistics and probability should stay away from these concepts unless they first study and understand the basics of the subject itself. Otherwise, just knowing the results is fine. I don't fault authors like Mason and David for broaching these subjects and giving solid, correct analysis of how probability and statistics relate to poker. However, the average player doesn't have the background to understand this information, nor does he have a real need to. Of course, understanding these subjects help serious players a great deal. However, for most recreational players, they do more harm than good. For example, the people who make 100K a year at their jobs, play 3-6 twice a month for fun, and obsess about bankroll management.
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