Re: What IS Luck?
[ QUOTE ]
Many people believe that when they stub their toe or pop their tire, house burns down it's because of lady luck. How does deviation from ev apply to these cases?
[/ QUOTE ] Example:
P(House burns down) = 1/10,000
P(House doesn't burn down) = 9,999/10,000
Value of house burning down = -$100,000
EV = -$100,000/10,000 = -$10
House burns down.
Actual result: $99,990 below EV. Hence bad luck.
MaxWeiss:
[ QUOTE ]
Every game and situation has a skill element--our ability to collect and properly utilize the available information.
[/ QUOTE ] How does the roulette wheel in your avatar fit this claim?
|