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The SIMPLE method

Posted By: Henrik Bukkjaer
Date: Wednesday, 15 June 2011, at 2:26 p.m.

In Response To: The SIMPLE method (Bob Koca)

"Masterpoints" must pose the same problem as "titles" in this regard.

The bad player would win a little bit more masterpoints than he really should. If we assume that the players all know their true relative strength and act accordingly. Or would he? This must be a std. game theory problem.

The "worst" player would put the lowest equity on himself, thus put forth the lowest bid of the group. However, if he knows, that the other players know, that he's the worst, he must assume that none of them would bid 1/3 worth of the total pool ie. he could go up to that amount or maybe a tad higher. IF one of the other players should go below 1/3 anyway and "win" the bid, the worst player would then play on in the final with a little "added" money.

Is it possible to calculate the optimal bid in this scenario, given you know the 3 players relative strength?

----

Bob: There's an even more likely scenario considering masterpoints (ABT points). Suppose you need a win, you'd just place a very high bid and go from 33% chance to pull it off, to 50%. You could seek the volatility needed.

Messages In This Thread

• Fairer Method When Exactly Three Players Remain In Draw
  Paul Weaver -- Sunday, 12 June 2011, at 5:07 a.m.
  • Fairer Method When Exactly Three Players Remain In Draw
    Christian Munk-Christensen -- Sunday, 12 June 2011, at 6:13 a.m.
  • Fairer Method When Exactly Three Players Remain In Draw
    Bob Koca -- Sunday, 12 June 2011, at 7:00 a.m.
    • Fairer Method When Exactly Three Players Remain In Draw
      Chuck Bower -- Sunday, 12 June 2011, at 3:38 p.m.
      • Fairer Method When Exactly Three Players Remain In Draw
        neilkaz -- Sunday, 12 June 2011, at 3:53 p.m.
  • Fairer Method When Exactly Three Players Remain In Draw
    Phil Simborg -- Sunday, 12 June 2011, at 1:07 p.m.
    • Fairer Method When Exactly Three Players Remain In Draw
      Colin Owen -- Sunday, 12 June 2011, at 2:04 p.m.
  • Fairer Method When Exactly Three Players Remain In Draw
    Jason Lee -- Sunday, 12 June 2011, at 3:10 p.m.
  • Fairer Method When Exactly Three Players Remain In Draw
    Bob Koca -- Sunday, 12 June 2011, at 3:46 p.m.
  • scoring method like Buchholz
    Christian Plenz -- Sunday, 12 June 2011, at 3:56 p.m.
    • scoring method like Buchholz
      Christian Plenz -- Sunday, 12 June 2011, at 4:46 p.m.
  • Fairer Method When Exactly Three Players Remain In Draw
    Nack Ballard -- Sunday, 12 June 2011, at 5:53 p.m.
    • Fairer Method When Exactly Three Players Remain In Draw
      Jake Jacobs -- Monday, 13 June 2011, at 2:49 a.m.
    • The modern method
      neilkaz -- Monday, 13 June 2011, at 7:29 p.m.
      • The modern method
        rory -- Monday, 13 June 2011, at 9:05 p.m.
      • The modern method
        Nack Ballard -- Tuesday, 14 June 2011, at 2:50 a.m.
        • The modern method
          neilkaz -- Tuesday, 14 June 2011, at 5:57 p.m.
          • The SIMPLE method
            Nack Ballard -- Wednesday, 15 June 2011, at 4:35 a.m.
            • The SIMPLE method
              Henrik Bukkjaer -- Wednesday, 15 June 2011, at 6:31 a.m.
              • The SIMPLE method
                Nack Ballard -- Wednesday, 15 June 2011, at 8:08 a.m.
                • The SIMPLE method
                  Henrik Bukkjaer -- Wednesday, 15 June 2011, at 1:05 p.m.
                • The SIMPLE method
                  Bob Koca -- Wednesday, 15 June 2011, at 1:38 p.m.
                  • The SIMPLE method
                    Henrik Bukkjaer -- Wednesday, 15 June 2011, at 2:26 p.m.
                    • The SIMPLE method
                      Bob Koca -- Wednesday, 15 June 2011, at 2:38 p.m.
                      • The SIMPLE method
                        Henrik Bukkjaer -- Wednesday, 15 June 2011, at 3:53 p.m.
                      • The SIMPLE method
                        Nack Ballard -- Wednesday, 15 June 2011, at 4:17 p.m.
                        • The SIMPLE method
                          Bob Koca -- Friday, 17 June 2011, at 6:16 p.m.
                          • The SIMPLE method
                            Nack Ballard -- Friday, 17 June 2011, at 7:18 p.m.
  • Fairer Method When Exactly Three Players Remain In Draw
    ah_clem -- Monday, 20 June 2011, at 7:29 p.m.