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#31
10-02-2007, 05:18 PM
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Re: When would you fold AA\'s
I am giving you a little more credit and I wasn't doubting you at all .
This is why I was willing to ask you because I think you' re probably one of the more knowledgeable posters regarding the Kelly criterion and such . I was also willing to take the time to learn something new that I wasn't aware of . In any case , even though we butt heads in the past , I have a huge amount of respect for what you've contributed here . 
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#32
10-02-2007, 07:56 PM
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Re: When would you fold AA\'s
[ QUOTE ]
Surely you wouldn't continue if losing cost you your wife and kids , would you ? This really is a personal preference/utility question . [/ QUOTE ]' when losing the money is too much to u, allow 20 buy ins at level, ha
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#33
10-02-2007, 10:44 PM
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Re: When would you fold AA\'s
[ QUOTE ]
I am giving you a little more credit and I wasn't doubting you at all . [/ QUOTE ] That didn't stop you from contradicting me in two posts here instead of checking which of us was right with a simple expected utility calculation. [ QUOTE ] This is why I was willing to ask you because I think you're probably one of the more knowledgeable posters regarding the Kelly criterion and such . I was also willing to take the time to learn something new that I wasn't aware of . In any case , even though we butt heads in the past , I have a huge amount of respect for what you've contributed here . [/ QUOTE ] If so, you have had an obnoxious way to express that respect, such as by declaring, "Clearly my intuition was better than yours... I lost all respect for you... I think of you as a poor man's version of BruceZ," by going out of your way to nitpick on statements of mine (that were correct), failing to acknowledge real corrections I have made to your posts, etc. You have made me sorely regret the many times I have helped you. I still have no idea what your problem is.
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#34
10-03-2007, 12:50 PM
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Re: When would you fold AA\'s
The problem with the millionaire analogy is millionaire is not the same as walking up to an average person on the street & asking them if they'd risk 32K of their own money. It's walking upto a [b] "random" person who has just won 64K [b] & as such they are quite "correctly" more willingy to gamble 32K.
To answer this question, probably $128K
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#35
10-05-2007, 10:51 AM
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Re: When would you fold AA\'s
I don't know how far I would go but I'll answer in different way. If I saved up $1000 (I'm poor) and sat down at a NL game, through my brilliant play (I dream a lot) I worked up to $10,000 and I was put all in with Aces, I would fold.
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#36
10-07-2007, 10:14 PM
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Re: When would you fold AA\'s
256k...gogogo....512k...gogogo...1.024mil....stops topstop
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#37
10-07-2007, 10:32 PM
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Re: When would you fold AA\'s
[ QUOTE ]
Surely you wouldn't continue if losing cost you your wife and kids , would you ? This really is a personal preference/utility question . [/ QUOTE ] but how many wives and kids would you win each time the AA holds up?
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#38
10-07-2007, 10:40 PM
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Re: When would you fold AA\'s
[ QUOTE ]
[ QUOTE ] Surely you wouldn't continue if losing cost you your wife and kids , would you ? This really is a personal preference/utility question . [/ QUOTE ] but how many wives and kids would you win each time the AA holds up? [/ QUOTE ] Hey , you may be able to win over Pamela Anderson .
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#40
10-08-2007, 07:55 AM
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Re: When would you fold AA\'s
In probability when you reproduce the same event more than once you get a multpilicative law. so there is a quitting time right?
AA vs. KK Chance of All In Survival 1 81.26% 2 66.02% 3 53.65% 4 43.59% 5 35.42% 6 28.78% 7 23.39%...................
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