Re: Theory Discussion of a Point From \"Poker Tournament Formula\"
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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".
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I don't know, but I get the impression Snyder would say "it depends on how fast the tournament is." Or maybe not with respect to your specific numbers. I don't know.
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Well, the actual numbers don't matter at all. If 1/3 doesn't float your boat, pick some other flip size (assuming you can cover the amount) and any number of flips you like.
The question is whether +CVAR is +TEV, or -TEV.
Except it's not really a question, as I'll get to in a minute.
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