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In poker, psychologist places bets on skill

 
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KookieMonstr

External


Since: Mar 20, 2007
Posts: 54



(Msg. 1) Posted: Fri Mar 21, 2008 11:42 pm
Post subject: In poker, psychologist places bets on skill
Archived from groups: rec>gambling>poker (more info?)

"Is it luck of the draw in poker? No, says Michael DeDonno, a doctoral student
from Case Western Reserve University. Based on findings from two psychology
studies, he suggests putting your bets on skills over luck when playing the card
game.

DeDonno s findings from two poker-related studies with college students have
implications for the gaming industry, and possibly even legal cases that
challenge the theory of luck over skills. According to DeDonno, the person who
takes home the winnings is likely to pay higher taxes when money is considered
earned by luck.

His article, Poker is a Skill, written with Douglas Detterman, Case Western
Reserve psychologist, caught the attention of the journal, Gaming Law Review,
which has been examining this luck-skill debate and recently published
psychologists findings.

This article provides empirical evidence that it is skill and not luck,
concluded DeDonno from his two studies.

In the first study, DeDonno had 41 college students play eight /#, totaling 200
hands, of Turbo Texas Hold em, a computerized simulation of 10-player Hold em
poker. The /# consists of being dealt two cards in the first round. The player
must decide whether to play or quit based on the hand. If the person decides to
play, then three cards are dealt for the community pot. Again, the player has to
decide whether to play or stop. The player must also consider the betting
patterns of the other players in making a decision in moving to the next round.
If continuing, then the player sees another card and has to decide again to bet
or lay down the cards.

This is repeated until there are five cards on the table.

Overall most of the students had little experience playing poker, said DeDonno.

Half of the students in the first group were given charts that ranked the
two-card combinations from best to the worst and also learned that professional
poker players typically play about 15 percent of the hands dealt them. The other
group was given background on the history of poker with no strategies.

He found that students given some strategies to make decisions did better than
those without the strategies.

When starting the study, almost two-thirds of the students (64 percent) felt
that winning at poker was 50 percent luck. If it had been pure luck in winning,
then the strategies would not have made a difference for the two groups, said
DeDonno.

To statistically verify the results from the first study, he conducted a second
study, but had students play 720 hands. Again the group was divided into those
provided with strategies and those with just a history of playing poker. While
all students improved their playing with practice over the large number of
hands, the group given strategies continued to do better than those without the
added information.

He also found that students reduced the average number of hands played at the
beginning (27) to 15 hands after given strategies, which improved their games
and validated that fewer hands does result in improved performance.

DeDonno s research evolved from his interest in playing poker. He wanted to
determine if there was a correlation between intelligence and the ability to
play the game. But the focus shifted to the luck-skill issue.

According to DeDonno, using poker strategies has some real life applications in
such areas as investments and buying a home where partial information is
available. He also discovered that the poker simulation has applications in
psychological testing for decision making and risk taking.

But in DeDonno s final analysis, skill wins out in playing poker. "

Source: Case Western Reserve University

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KookieMonstr

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Since: Mar 20, 2007
Posts: 54



(Msg. 2) Posted: Fri Mar 21, 2008 11:43 pm
Post subject: Re: In poker, psychologist places bets on skill [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)

http://www.physorg.com/news125321258.html

On Mar 21 2008 5:42 PM, KookieMonstr wrote:

>
> "Is it luck of the draw in poker? No, says Michael DeDonno, a doctoral student
> from Case Western Reserve University. Based on findings from two psychology
> studies, he suggests putting your bets on skills over luck when playing the
> card
> game.
>
> DeDonno s findings from two poker-related studies with college students have
> implications for the gaming industry, and possibly even legal cases that
> challenge the theory of luck over skills. According to DeDonno, the person who
> takes home the winnings is likely to pay higher taxes when money is considered
> earned by luck.
>
> His article, Poker is a Skill, written with Douglas Detterman, Case Western
> Reserve psychologist, caught the attention of the journal, Gaming Law Review,
> which has been examining this luck-skill debate and recently published
> psychologists findings.
>
> This article provides empirical evidence that it is skill and not luck,
> concluded DeDonno from his two studies.
>
> In the first study, DeDonno had 41 college students play eight /#, totaling
> 200 hands, of Turbo Texas Hold em, a computerized simulation of 10-player
> Hold em poker. The /# consists of being dealt two cards in the first round.
> The player must decide whether to play or quit based on the hand. If the
> person
> decides to play, then three cards are dealt for the community pot. Again, the
> player has to decide whether to play or stop. The player must also consider
> the
> betting patterns of the other players in making a decision in moving to the
> next
> round. If continuing, then the player sees another card and has to decide
> again
> to bet or lay down the cards.
>
> This is repeated until there are five cards on the table.
>
> Overall most of the students had little experience playing poker, said
> DeDonno.
>
> Half of the students in the first group were given charts that ranked the
> two-card combinations from best to the worst and also learned that
> professional
> poker players typically play about 15 percent of the hands dealt them. The
> other
> group was given background on the history of poker with no strategies.
>
> He found that students given some strategies to make decisions did better than
> those without the strategies.
>
> When starting the study, almost two-thirds of the students (64 percent) felt
> that winning at poker was 50 percent luck. If it had been pure luck in
> winning,
> then the strategies would not have made a difference for the two groups, said
> DeDonno.
>
> To statistically verify the results from the first study, he conducted a
> second
> study, but had students play 720 hands. Again the group was divided into those
> provided with strategies and those with just a history of playing poker. While
> all students improved their playing with practice over the large number of
> hands, the group given strategies continued to do better than those without
> the
> added information.
>
> He also found that students reduced the average number of hands played at the
> beginning (27) to 15 hands after given strategies, which improved their games
> and validated that fewer hands does result in improved performance.
>
> DeDonno s research evolved from his interest in playing poker. He wanted to
> determine if there was a correlation between intelligence and the ability to
> play the game. But the focus shifted to the luck-skill issue.
>
> According to DeDonno, using poker strategies has some real life applications
> in
> such areas as investments and buying a home where partial information is
> available. He also discovered that the poker simulation has applications in
> psychological testing for decision making and risk taking.
>
> But in DeDonno s final analysis, skill wins out in playing poker. "
>
> Source: Case Western Reserve University



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