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 [ 11 posts ] 

How do you decide on what you would have done?
How good the offer is for the board 80%  80%  [ 8 ]
How precarious the board is 10%  10%  [ 1 ]
How much the money would mean to you 0%  0%  [ 0 ]
None of the above 10%  10%  [ 1 ]
Total votes : 10
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hogwild94

PostPosted: Tue Sep 06, 2011 5:35 pm    Author: hogwild94    Post subject: How do you decide on what you would have done?
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OK, here's a question: how do you make your decision on what you would have done on the player's game?

Most people make statistical decisions based on how good the offer is, while not really thinking about what the money would have done for them. It's very rare for a player to make a decision like that.

So, basically, how do you decide what you would have done? Choose an above option, or specify another. :smt023

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Aaron Brock

PostPosted: Tue Sep 06, 2011 6:56 pm    Author: Aaron Brock    Post subject: Re: How do you decide on what you would have done?

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I usually decide on whether or not it'd actually be much worth going on at that point, or whether or not I fancied a risk :P

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James1978

PostPosted: Tue Sep 06, 2011 7:11 pm    Author: James1978    Post subject: Re: How do you decide on what you would have done?

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All of the above, plus also the way I got to that particular point would be taken into account (ie I don't think the £17k offer today was enough of an improvement from the £10k given the intervening round), and for instance if I'd no-dealt a large amount on a great board at 8-box then had a bad round to 5-box I may feel more need than usual to cut and run to prvenet a total collapse.

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BankerSpanker

PostPosted: Tue Sep 06, 2011 7:36 pm    Author: BankerSpanker    Post subject: Re: How do you decide on what you would have done?
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I look at how precarious the board is and make a decision on how good the offer is there.

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Simon F

PostPosted: Tue Sep 06, 2011 9:10 pm    Author: Simon F    Post subject: Re: How do you decide on what you would have done?
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Need an "all of the above" option.

Definitely the first two and sometimes when the offer gets over £30k on a board with a 30% chance of disaster, then the utility curve will set in if it's not a really obvious statistical no deal.

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DanS

PostPosted: Tue Sep 06, 2011 9:51 pm    Author: DanS    Post subject: Re: How do you decide on what you would have done?
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I chose "how precarious the board is" but really its a mixture of all 3.

I'd tend to be more gung-ho with the £250k still in play also which is another factor. Otherwise it's a case of asking myself, "Would I be prepared to accept the worst case scenario", "How gutted would I be to miss out on the money currently being offered to me" and "Is the current maximum prize worth chasing compared to the offer".


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h2005

PostPosted: Wed Sep 07, 2011 1:28 am    Author: h2005    Post subject: Re: How do you decide on what you would have done?
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I think it's an equal mix of all three for me.

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killersbee

PostPosted: Thu Sep 08, 2011 8:49 pm    Author: killersbee    Post subject: Re: How do you decide on what you would have done?
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Has to be option 1 for me, I will always think how the offer can be compared to the strength of the board.

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holly

PostPosted: Fri Sep 16, 2011 5:47 pm    Author: holly    Post subject: Re: How do you decide on what you would have done?
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Generally speaking, I take a good look at the board and see if the offer is decent for that board. If I really Can't decide, then I toss a coin.

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KP

PostPosted: Fri Sep 16, 2011 8:42 pm    Author: KP    Post subject: Re: How do you decide on what you would have done?
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Option 1 first and foremost. You then have to put it into context, which is where the other two come in, but they are secondary, and inexorably tied to "how good the offer is". For instance, I'm still thinking in terms of generosity regardless of the stability of the board, but my definition of "generous" (relative to the mean) is dependent upon stability, so Gordon's £13k was more generous in my eyes than Lorraine's £13k at the same stage on a board with less money on it, because his board was a perilous one-box game, while Lorraine had a three-box game.

And the very reason why generosity matters is because, like almost everyone else, I have a non-linear utility function... if I didn't, I'd just turn down anything short of an AMO!

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"The Banker"

PostPosted: Tue Sep 27, 2011 1:37 pm    Author: "The Banker"    Post subject: Re: How do you decide on what you would have done?

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h2005 wrote:
I think it's an equal mix of all three for me.


Same.

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