johndoe said:
Silly. Mere MATH can't be used to prove anything! :laugh:
my question is, does betting stuff get a bit dicey?
like ok, i don't fully understand this stuff :
http://www.bjmath.com/bjmath/kelly/mandk.htm (Archive copy), and well, the previous link of Reid's i just take on faith being to lazy too do the math.
i mean ok, i don't even really know what utility math stuff is, but i think i do understand that utility of a bet is different for different people, so what i think that means is that utility math must have a subjective function involved, especially if psychology is at all involved.
further more i question the capability of a human to function like a computer for the long run, but i don't mean billions of hands, but more i mean consistent human performance on a par with a computer for 'extended' periods of time.
this is why i find ExhibitCAA's problem interesting :
http://www.blackjackinfo.com/bb/showthread.php?t=15314
like ok, isn't an imperfect human trying to perform like a computer for 'extended' periods of time similar to the guy who uses his best guess in ExhibitCAA's OCP game?
lol, i'll freely admit i don't fully understand the OCP game, how it's properly played or even a full understanding that the guy using his best guess in the OCP game has a lot of ground to make up compared to the agnostic friend's betting methodology. but, again i believe that is the case.
whatever, i believe the salient point is the question of knowing that you don't know compared to 'thinking' you might know, sort of thing and what the ramifications of that scenario might be.
so ok, lets forget OG and just take a flat betting basic strategy player and say a card counter for comparison. like, i know Jacobson explains in "The Blackjack Zone" how mistakes a'int all that much, sort of thing.
thing is i think that's sort of short term mistakes, maybe not a lot of consistent mistakes with a lot of max bets out sort of thing.
just i'll guess maybe a screwing up card counter may be worse off than a flat betting basic strategy player in the short term and maybe the long term.
kind of how like it is for the best guessing player and the agnostic friend in ExhibittCAA's OCP example.
point being, maybe betting stuff and comparing different ways and all is a bit dicey, lol. like maybe especially if one is not a pro playing loads of hands with near perfection, sort of thing.

:whip: