Re: Conjecture and Question
Quick aside....
It seems pretty obvious that in a winner-take-all tournament with Mason's parameters, as
total_prize_pool --> $40,000 ==> value_of_doubling_up --> $0,
but isn't it also true that as
total_prize_pool --> $INF
==> value_of_doubling_up --> $40,000 ?
My point is just that Mason's conjecture may seem intuitively correct because $40,000 equity in a $10,000 buy-in seems like a large edge.
What seems intuitively correct to me is that your expectation comes closer and closer to doubling as your edge represents a smaller and smaller % of the winner-take-all prize, no matter how huge that edge seems relative to the buy-in.
|