> You're mistaken in all three of your criticisms, and he explained why in his article. I think it's cute that he realized he could make an extra dollar of EV in thirty seconds. Bob's all about hourly rate.
>
> Cogno
Sorry, I am not mistaken. Suppose on that day, there were two people independently doing the same strategy. Since there are two of them, one will be disappointed and the sore loser goes and writes a column on some bogus "a priori" vs "a posteriori" argument. The odds of hitting quad aces is IRRELEVANT given another player is already sitting on quad aces. It just happens the other player saw Bob being dealt quad aces and the other player immediately panicks and hits his button first to deny Bob the jackpot.
If you use sound logic, you will realize a lot of Bob's arguments are specious. First, counting meter movements as part of EV (note he didn't get the extra "$84" so logic dictates Bob OVERESTIMATED his EV -- this is fact based on the article. Second, Bob makes certain assumptions about randomness that is incorrect, i.e. someone sitting on quad aces argument as stated earlier. There are so many other errors in his argument regarding hourly rate.
------------------------------------
vpFREE Links: http://members.cox.net/vpfree/Links.htm
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/vpFREE/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/vpFREE/join
(Yahoo! ID required)
<*> To change settings via email:
vpFREE-digest@yahoogroups.com
vpFREE-fullfeatured@yahoogroups.com
<*> To unsubscribe from this group, send an email to:
vpFREE-unsubscribe@yahoogroups.com
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
No comments:
Post a Comment