The role of skill versus luck in poker
evidence from the world series of poker
by Steven D. Levitt
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"In determining the legality of online poker - a multibillion dollar industry - courts have relied heavily on the issue of whether or not poker is a game of skill. Using newly available data, we analyze that question by examining the performance in the 2010 World Series of Poker of a group of poker players identified as being highly skilled prior to the start of the events. Those players identified a priori as being highly skilled achieved an average return on investment of over 30 percent, compared to a -15 percent for all other players. This large gap in returns is strong evidence in support of the idea that poker is a game of skill"--National Bureau of Economic Research web site.
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The role of skill versus luck in poker: evidence from the world series of poker
2011, National Bureau of Economic Research
Electronic resource
in English
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Edition Notes
Title from PDF file as viewed on 7/21/2011.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| October 17, 2020 | Edited by MARC Bot | import existing book |
| August 4, 2011 | Created by LC Bot | import new book |