Re: Theory Discussion of a Point From \"Poker Tournament Formula\"
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That was not my understanding from reading the book exactly, but I did get the impression he values a large stack more than Harrington does and is willing to accept more variance to get it.
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I meant chip count variance.
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I thought the main point was that in a very fast tournament, NOT playing aggressively is what's risky simply because the quickly increasing blinds pose more of a threat than most players realize.
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This is the part that a lot of people disagree with.
Perhaps the problem should be restated. If, at the start of a tournament, you could flip a coin and either get an additional 1/3 of your chip stack or loose that amount, would it be +TEV to do so? I believe the answer is provably "no".
However, if you had an M of 3 late in the tournament and were offered a flip for 3M worth of chips, you would probably take it.
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