Quote:
Originally Posted by Perhaps Shimmy
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By adding all the win percentages together in Step 2, you account for how many choices and how good the choices are. Making a choice with a 10% wp when your other options are 40% and 30% is much worse than when you make that same choice when your other options are 40%, 30%, 10%, 10%, 10%.
You're trying way too hard
Without putting a real life example on it, both of those scenarios are ~equally bad
How bad the call is really only depends on how many expected wins you're throwing away and how obvious the correct call was