Quote:
Originally Posted by eldiesel
I see what you're saying. That's a rich person's problem the way I see it though. Carlos Boozer can sleep 10 hours a day, who cares, he has $120M in just salary earnings since Duke. If the Bulls cut him, whatever. Jabari Parker has $0 in earnings, he'd be best off right now sleeping 3 hours per night. I don't expect everyone to agree with that, but I'm a workhorse. 5% of my sessions are 18+ hours, 15% are 12+ hours, 46% are 8+ hours.
If you knew a whale was going to be playing at 6pm Monday, I wouldn't make an all-nighter of it on Sunday. But almost always, I play the huge sessions when the game stays good all night, it doesn't happen that often so when it does I stick around. And you just don't play the next day, or sleep for 15 hours and then play again.
Before it seemed like you were saying to stay in the game for a long time even if it wasn't that good (this might not have been you saying this, but someone said if you rate to win $20 over the next 4 hours, that's still $20 in your pocket or w/e).
Agree stick around when the game is good, but again that's still talking in terms of opportunity cost. If the game is good, the expected profit of sticking around a long time is larger than the opportunity cost in being forced to stay in a casino for hours on end and not sleeping etc.
In fact pretty much everything you just said refers to opportunity cost:
- Knowing a whale will play the next day means not sleeping represents higher cost
- Good game going currently = greater chance of negating the opportunity cost
Anyway, not trying to be a stickler or whatever, but I think it's a relevant concept in a lot of situations. I've played a lot of sessions for a lot longer than it made sense to given the cost/reward, so it's not like I'm claiming to be perfect about it lol. But I def think that thinking about it in that way can help people make better decisions.