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| View Poll Results: Should I write the paper? | |||
| No |
   
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11 | 10.00% |
| Yes |
  
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99 | 90.00% |
| Voters: 110. You may not vote on this poll | |||
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#51
08-03-2005, 10:42 PM
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Re: Poll on risk aversion: a continuation of the Bankroll on AA thread
[ QUOTE ]
The correct answer is 3. [/ QUOTE ] You have absolutely no comprehension of opportunity cost. 
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#52
08-03-2005, 10:58 PM
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Re: Don\'t Do It
[ QUOTE ]
[ QUOTE ] might want to go to mars just in case [/ QUOTE ] There is no oxygen or water on Mars. [/ QUOTE ] Don't kill me because I'm irrational [img]/images/graemlins/tongue.gif[/img]
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#53
08-03-2005, 11:06 PM
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Re: Don\'t Do It
Sorry man. I think I confused the issue. When I said underdog I was referring to the original proposition bet os KK vs AA for your whole role.
Mathematically, you guys are correct of course. But all I was saying is that I wouldn't be able to risk my BR even if the payoff was over 6-1.
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#55
08-03-2005, 11:12 PM
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Re: Poll on risk aversion: a continuation of the Bankroll on AA threa
The correct answer is totally different depending on your poker skills and the size of your bankroll.
But no matter how large your bankroll is, there is certainly some X where the gamble is worth taking.
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#56
08-03-2005, 11:16 PM
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Re: Poll on risk aversion: a continuation of the Bankroll on AA threa
[ QUOTE ]
[ QUOTE ] The correct answer is 3. [/ QUOTE ] You have absolutely no comprehension of opportunity cost. [/ QUOTE ] Yeah, if the thought process of "it's a profitable bet so it must be right" then the correct answer would actually be anything over 2, i.e. 2.0000000001 would be a better answer than 3.
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#57
08-03-2005, 11:31 PM
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Re: Poll on risk aversion: a continuation of the Bankroll on AA thread
A question to those who picked 3:
How many BBs is your bankroll? Picking 3 gives a RoR of 33%. If you are a 1BB/100 winner with a 15BB/100 SD, this corresponds to playing with a 124BBs. But, that calculation assumes you play until you go broke at that limit. Since this isnt actually the case, a 33% RoR corresponds to probably 90-100 BBs as a roll. EDIT: of course there is the difference that we KNOW this bet is +EV, yet we dont know you are a winning player. But, I still suspect that most of those who picked 3 arent at the appropriate limit.
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