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The title reads like spam, but it looks like there is substance. Programming, financial modeling, psychology.
by rdj 17y ago
The title reads like spam, but it looks like there is substance. Programming, financial modeling, psychology.
- bendotc 17y agoI disagree. They don't really go into why they made these decisions, but just "oh, our old model had weird sized differences between payouts of adjacent places." Why did it take them 6 years, a bunch of smart people, and hundreds or thousands of man-hours to use a second degree polynomial (constant second derivative) to determine payouts? I'm sure they dealt with more complicated problems than just figuring out an equation with a constant second derivative, but they don't really address that in this article.
- rdj 17y agoI suppose I should clarify: I had been ignoring the link because I seriously thought HN had been hit by some spambot. After I read the article, I saw that there were topics that would be of interest to HN. You are correct, there are not a lot of details about how and why, but just bits of info. I personally think this is an interesting story of how a simple game of cards and "winner takes all" has evolved into the complex ecosystem it is now, using the tools we use in other endeavors.
- jmatt 17y agoThat's exactly what I thought when I read it. How did it take so long to finally get to the point that they are using an intelligent payouts method. That being said, I am happy to see any improvements in this area. I still see really crazy payout brackets. Less on-line. That seems to be where the changes are being made first.
- didroe 17y agoSome Googling has revealed a little more information from Greenstein: http://www.pokerroad.com/forums/showthread.php?t=6953 http://www.pokerroad.com/forums/showthread.php?t=6953