Re: Theory Discussion of a Point From \"Poker Tournament Formula\"
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As such, I believe that it is provable that the only reason you would make such plays is if you felt +CVAR -> +TEV
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Can you clarify what you mean by +CVAR. Does it have the same units as TEV? I ask because you're comparing the 2 of them and I'm confused as to if that can be done.
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Sorry - VAR is my abbreviation for variance. EV is my abbreviation for expected value. A C prefix means in units of tournament chips. A T prefix means in units of cashout $$$. a '->' should be read as 'implies', not 'equals'.
So the part you quoted would read
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As such, I believe that it is provable that the only reason you would make such plays is if you felt an increase in variance (in units of chips) implies a larger expected cashout
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Does that clear things up?
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