They don’t have to coincide exactly with the real-world scenario they are shining a light on. Especially if the differences between the hypothetical and what it is modelling are recognized and adjusted for. No further explanation needed. All comments welcome.
Author: David Sklansky
It’s Worth Going to Some Lengths to Prevent Bluffs from Those Who Would Normally Play Close to Game Theory Strategy in Big Bet Poker Games
No further explanation needed. All comments welcome.
If 95% Repayors Are Profitable It’s Still Wrong to Relax Requirements If Your Results Are 97%
Not my original idea but an important one. A loan officer who is getting paid back 97% of the time can probably assume that the more risky customers are already 95% or less. Bank officers usually know this, but others to whom this concept applies, often don’t. No further explanation needed. All comments welcome.
When Are You So Old That You Can’t Bet You Will Live Another Year?
No further explanation needed. All comments welcome.
The Simple Math That Proves “Crapless” Craps is Worse
2,3, and 12 are no longer automatic losers. Eleven is no longer an automatic winner. They are all “points”. Many think that a pass line bettor is given more than is taken away. But 2 and 12 only move up from zero to 1/7. 3 goes from 0 to 25%. Meanwhile 11 moves down from… Continue reading The Simple Math That Proves “Crapless” Craps is Worse
Big Favorites Are Big Underdogs to Go on Long Streaks
For instance, it’s five times easier for an 80% shot to go 19 for 20 than 20 for 20. That’s why John Wooden is probably the best coach of all time despite having the best talent. And why no one will ever top Joe Dimaggio’s hitting streak. No further explanation needed. All comments welcome.
Commercials That Depend on the Placebo Effect
Why else do you think your TV is infested with ads for ED pills, memory enhancements, and other vitamin type pills that that the FDA is not allowed to comment on? At least 30% of buyers will give them a good review because of the strange tendency of the brain to produce real physical effects… Continue reading Commercials That Depend on the Placebo Effect
Billionaire ex Poker Pro, Asks Me 8 Card Stud Question.
They don’t have to coincide exactly with the real-world scenario they are shining a light on. Especially if the differences between the hypothetical and what it is modelling are recognized and adjusted for. No further explanation needed. All comments welcome.
Those Who Would Give Up Liberty for Safety Deserve Neither?
No further explanation needed. All comments welcome.
If You Don’t Believe in Equality for All, I Don’t Want Your Vote?
No further explanation needed. All comments welcome.