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BGonline.org Forums
PR or Luck? Here is the real answer if you are looking for (Long but informative)
Posted By: __1ERROR1__ In Response To: PR or Luck? Here is the real answer if you are looking for (Long but informative) (David Rockwell)
Date: Thursday, 11 February 2016, at 1:19 a.m.
I agree with Rick and this is one of the good points in the discussion.
Before I went through my analysis, I mentioned that I assumed that PR is the measure of skill. Your point challenges this basic assumption of the whole analysis. One of the major points that nobody paid attention in my analysis is (I did not/dont expect anybody to pay attention to that since it is inside all those mathematical equations and stuff) that the PR significance needs to be almost doubled in order to reach the significance threshold ,while luck is 8 times greater than the significance threshold! That's why I think changing the PR criteria to something else wouldnt considerably change anything in the analysis due to the huge difference existed.
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