> --- In vpFREE@yahoogroups.com, "Harry Porter" <harry.porter@>
>
> wrote:
> > mroejacks wrote:
> > > That was why I used $/hr to demonstrate the true value. The
fact
>
> that
>
> > > this value is different in the two cases demonstrates that the
>
> answer
>
> > > is not a simple one. That is what really matters. The
ambiguity
> > > arises based on whether you consider the double to be a
> > > separate "bet" or not. One gets you 99.5% as the result and
the
>
> other
>
> > > gets you something between 99.5% and 99.75%. Both answers are
>
> right
>
> > > and both answers are wrong based on how the question is asked.
> >
> > I don't see an ambiguity.
> >
> > The 99.75% ER treats the double as a separate and distinct
wager.
>
> That's because they can be considered as separate wagers. No one
is
> forced to double so the wager is a CHOICE. That means you can
> consider it separately if you want to. You can also consider them
as
> a single a wager. That's the wonder of things like these. There
is no
> rule to enforce either method and approaching it either way is
legit.
>
> > Because the double is continent upon the first bet and is an
>
> extension
>
> > of it, and can't be conducted independently, the bet and the
double
> > must be considered a single wager simply conducted in two
parts. As
> > such, the ER of both bets, whether transacted with or without
> > doubling, is 99.5%.
>
> If you change "must" with "can" then you are correct. If you
really
> believe they "must" be considered as one bet then please provide
the
> mathematical law that supports this assertion. There is none???
> Gee, kind of makes your statement a little weak.
I agree with Harry. They are not statistically independent events,
but
you're trying to treat them as if they are, and I believe that is
not
mathematically valid.
Wrong! Mathematics does not require them to be treated as one. In
fact, since I have given an example of how they can be treated
separately I have PROVEN they don't have to be treated as one. This
use of PROVEN is not to be taken lightly. It is a TRUE proof in every
sense of the term (proof by contradiction). Now, you may say one
choice is better than another but to say they "must" be treated as
one is just plain wrong.
> > If you disagree, of course there isn't anything further to be
said.
>
> Sigh ... there's lot's more to be said. Making an assertion and
then
> claiming any disagreement is without merit is a sign you are not
> confident in your statment and you have no evidence to support it
> (which you don't). I thought you were better than that.
>
> Harry, you're not getting off that easy. Let's take it another
step
> to demonstrate the just how ridiculous your assertion really is.
> Doubling can be done many times or not at all and you can't even
> provide a algorithmic method that ties the act of doubling to the
> first bet.
Choosing the double (or not, or to double repeatedly) is the same
as choosing a different playing strategy, leading to a different
probability distribution for the overall outcome. For example, you
could choose a strategy that only doubles (once) after hitting
quads.
Compared to a "never double" strategy, you'd get a double payoff
only half as often, so the overall EV is the same. If the payoff
is 25
units for un-doubled quads, then doubling all quads
The fact that you're only offered a double under certain conditions
does tie it to the first bet. You aren't allowed to skip all the
other
bets and only play a continous string of doubles, and you never
get offered a double without first seeing the outcome of a previous
wager. So, they simply are not independent events.
Your confusing two aspects here. There are many causal relationships
in the world and they do not all need to be considered in a
mathematical analysis. For example, if you decide to go to dinner
before gambling then your results will no doubt be different than if
you didn't go to dinner. Would you say the act of going to
dinner "must" be considered in this mathematical analysis? Of course
not. However, by stating the inital bet and doubling down "must" be
considered as one in this analysis you are saying EXACTLY the same
thing. Really you are! The fact that there is a causal reqlationship
ALLOWs you to consider them together ... it does not REQUIRE them to
be considered together.
This is simple logic, guys. You are stating the equivalent of "if a-
b and b->c then a->c". I know you realize this is not true.
Independent events can be cleanly separated from each other by
some event that marks the separation, such as "dealing of the
initial hand".
Hmmmmmm. How about "pressing the double down button"?
The key is that the identical event must occur for
EVERY play of the game. There is no way to do this with doubling,
especially if the player chooses a strategy which only doubles
after certain payoffs.
Once again, a causal relationship "allows" the events to be
considered as one but doesn't "require" them to be considered as one.
Essentially, you are saying a->c in my example above.
Here's another one for you ... You get the money for gambling from a
source of income (say a paycheck). You clearly cannot gamble without
money. Therefore, by your logic above, you "must" consider the
receipt of a paycheck in the analysis. Absurd isn't it?
> It's obviously an individual choice which is no different
> than hitting deal again (or not)... Or, do you tie a second hand
to
> the first hand ... and to the first hand ever gambled ... and to
(I
> hope you're getting the picture by now). Not only that, what if
> casinos gave points for each time you doubled. Would you take the
> same position? CB points earned for every double would change the
> return for persons who doubled over a person who didn't and people
> who doubled differently. What does that tell you about your
position?
CB points can/should be tied to the initial wager in the same way
that
the actual payoff is handled.
Wonders of wonders. You just agreed with me, Steve. The key word here
is "can". CB points "can" also be tied to the double-down. There is
no use of the word "must" here as Harry has stated and you appeared
to be agreeing with him.
> Harry, your position is undefendable. Both ways of approaching the
> problem are valid and provide diffferent insights.
I disagree. When you get different results from the "same" game,
that
tends to suggest that one of the methods may be flawed.
But you DO get different results. The $/hr is different in the two
cases. If you want to understand the $/hr then one can argue that an
analysis that treats doubling as a separate bet is better. But, of
course, this already shows that the situation "can" be analyzed in
two different ways ... which is the exact point I have been trying to
make.
When different
methods are both valid, and the results are different, it means
that the
two methods are actually measuring slightly different things and the
comparision is apples to oranges.
No, it does not mean the comparison is "apples and oranges". It
simply means you may want to emphasize a different aspect of the
issue. As long as that difference can be explained then both methods
of analysis are VALID. For example, I can do an analysis of a
mathematical problem in either octal or decimal. The fact that the
result "looks" different does not make the two approaches "apples and
oranges".
Steve, I'm really astonished that you'd take this position. One of
your prominent positions on this board is there are many ways to
evaluate VP based on your goals. Max-EV is but one as you've pointed
out so eloquently many times. As I stated above, looking at problems
differently helps us understand different aspects of an issue. If you
are saying this problem can only be analyzed one way, this is
equivalent to saying VP games "must" be analyzed only using Max-EV
strategies. I wonder what position Steve would have taken here if
Harry had said the all VP "must" be analyzed using a Max-EV approach?
Dick
PS. Let me add some additional thoughts here. This issue is really
about "problem solving". Mathematics is a tool used in problem
solving. As mklpryy24 stated "math is math", but unfortunately,
added "don't matter" when referring to how a problem is stated. When
many people claim they hate math, it usually means they have problems
doing problem decomposition (the first step in solving a problem).
Once a problem is decomposed the actual math is usually pretty easy.
Since problems often have multiple ways of decomposition (that's why
it DOES MATTER, mklpryy24) there are often many different ways of
analyzing them. No one approach it right or wrong in and of itself.
However, one if often superior in terms of the information provided.
It appears to me that both Harry and Steve think that because there
is a causal relationship between the initial bet and a double down,
including this relationship in the analysis is "superior". We can
have that discussion but first we "must" agree that there are, in
fact, multiple way of decomposing the problem and analyzing the
information provided.
···
--- In vpFREE@yahoogroups.com, Steve Jacobs <jacobs@...> wrote:
On Monday 05 November 2007 8:17 am, mroejacks wrote: