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Originally Posted by WhatThaDuck
Honestly, it's not a popular opinion, but I do think we are far more susceptible to luck, even over great volumes, than we care to believe.
Hi WhatThaDuck:
I think there are some problems in this paragraph. First off, there are formulas that you can use to measure the amont of luck that someone is playing with. So, if you work with these formulas you should have a good idea what the luck factor is, for both the short run and the long run, that you're dealing with,
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We can practice play that maximizes profitable situations and minimizes loss in bad situations. We can practice sensible BRM. However, there is nothing you can do to control what kind of situations you are dealt, and unfortunately some people I've met have a knack for being dealt an overwhelming amount of bad situations.
This is actually accurate. When looking at history, there's no question that some people have been more unlucky than others. But the implication that you're making is that this will continue, and that happens to be statistically inaccurate.
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Some are bad because they will lose a ton of money. Others are bad because even when they have an opportunity on the surface, it will routinely turn out there's no realistic way for them to cash in with what their opponents have.
And I think this is way off base since you're implying that some people who have been on the wrong side of the standard deviation will always stay there.
Best wishes,
Mason