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#51
09-28-2007, 11:08 PM
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Re: What IS Luck?
[ QUOTE ]
[ QUOTE ] If there's no choice about anything then its all luck. Some are happier than others, no choices were made and they just got lucky. [/ QUOTE ] What's the point? The discussion concerned whether this can be described as variance or not. Sure sounds like what you described can be called variance, and spread over the population it is neutral (some are "lucky" and some aren't). The point with the table analogy is to say that no matter what poker room (birth place) you stumbled upon, the laws of the game are the same. Just because your outcome at one or another may be different is due to different circumstances, not because you are somehow endowed with a higher "+EV luck factor". [/ QUOTE ] the question is what is luck? your +EV luck factor doesn't exist but luck does. So luck is not your +EV luck factor. chez 
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#52
09-28-2007, 11:58 PM
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Re: What IS Luck?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] If there's no choice about anything then its all luck. Some are happier than others, no choices were made and they just got lucky. [/ QUOTE ] What's the point? The discussion concerned whether this can be described as variance or not. Sure sounds like what you described can be called variance, and spread over the population it is neutral (some are "lucky" and some aren't). The point with the table analogy is to say that no matter what poker room (birth place) you stumbled upon, the laws of the game are the same. Just because your outcome at one or another may be different is due to different circumstances, not because you are somehow endowed with a higher "+EV luck factor". [/ QUOTE ] the question is what is luck? your +EV luck factor doesn't exist but luck does. So luck is not your +EV luck factor. chez [/ QUOTE ] So then we agree: luck is variance, as stated previously.
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#53
09-29-2007, 12:16 AM
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Re: What IS Luck?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] If there's no choice about anything then its all luck. Some are happier than others, no choices were made and they just got lucky. [/ QUOTE ] What's the point? The discussion concerned whether this can be described as variance or not. Sure sounds like what you described can be called variance, and spread over the population it is neutral (some are "lucky" and some aren't). The point with the table analogy is to say that no matter what poker room (birth place) you stumbled upon, the laws of the game are the same. Just because your outcome at one or another may be different is due to different circumstances, not because you are somehow endowed with a higher "+EV luck factor". [/ QUOTE ] the question is what is luck? your +EV luck factor doesn't exist but luck does. So luck is not your +EV luck factor. chez [/ QUOTE ] So then we agree: luck is variance, as stated previously. [/ QUOTE ] well it depends what you mean by variance and whether its always meaningful but if you just mean that whilst some people are better off then others through no fault/efforts of their own but no-one has the laws of probability in their favour then yes we agree. chez
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#54
09-29-2007, 01:23 AM
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Re: What IS Luck?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] [ QUOTE ] If there's no choice about anything then its all luck. Some are happier than others, no choices were made and they just got lucky. [/ QUOTE ] What's the point? The discussion concerned whether this can be described as variance or not. Sure sounds like what you described can be called variance, and spread over the population it is neutral (some are "lucky" and some aren't). The point with the table analogy is to say that no matter what poker room (birth place) you stumbled upon, the laws of the game are the same. Just because your outcome at one or another may be different is due to different circumstances, not because you are somehow endowed with a higher "+EV luck factor". [/ QUOTE ] the question is what is luck? your +EV luck factor doesn't exist but luck does. So luck is not your +EV luck factor. chez [/ QUOTE ] So then we agree: luck is variance, as stated previously. [/ QUOTE ] well it depends what you mean by variance and whether its always meaningful but if you just mean that whilst some people are better off then others through no fault/efforts of their own but no-one has the laws of probability in their favour then yes we agree. chez [/ QUOTE ] Even if the laws of probability were in their favor, that would still be variance.
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#55
09-29-2007, 01:27 AM
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Re: What IS Luck?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] [ QUOTE ] [ QUOTE ] If there's no choice about anything then its all luck. Some are happier than others, no choices were made and they just got lucky. [/ QUOTE ] What's the point? The discussion concerned whether this can be described as variance or not. Sure sounds like what you described can be called variance, and spread over the population it is neutral (some are "lucky" and some aren't). The point with the table analogy is to say that no matter what poker room (birth place) you stumbled upon, the laws of the game are the same. Just because your outcome at one or another may be different is due to different circumstances, not because you are somehow endowed with a higher "+EV luck factor". [/ QUOTE ] the question is what is luck? your +EV luck factor doesn't exist but luck does. So luck is not your +EV luck factor. chez [/ QUOTE ] So then we agree: luck is variance, as stated previously. [/ QUOTE ] well it depends what you mean by variance and whether its always meaningful but if you just mean that whilst some people are better off then others through no fault/efforts of their own but no-one has the laws of probability in their favour then yes we agree. chez [/ QUOTE ] Even if the laws of probability were in their favor, that would still be variance. [/ QUOTE ] yes, variance in how lucky people were in things like card games. It would be variance luck that resulted in +EV luck. chez
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#56
09-29-2007, 07:32 PM
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Re: What IS Luck?
isnt luck = variance?
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