From another thread:
I got curious, and implemented a quick simulation of this free throw contest idea.
Player 1 is an 0.60 free throw shooter, and he competes against 5 other players who are all 0.50 shooters.
In a straight 50-shot playoff, Player 1 wins nearly 60% of the matches.
If we eliminate the lowest scorer after every ten shots, Player 1 still wins 57% of the time. This is closer than I expected.
It's tough to draw any conclusions from the analogy, but it is clear that it is similar to EBJ in some ways and dissimilar in others. The main difference is that free throws are independent events, while blackjack hands are correlated due to the shared dealer hand.
So, I've been trying to come up with an analogy to the TBJT vs. EBJ debate in a real-world statistics sense. And my first thought is a free-throw shooting contest.
Imagine a lineup of 6 free-throw shooters shooting simultaneously. In the TBJT event, each gets 50 shots and the winner is the one who makes the most. In the EBJ event, we eliminate the low shooter after every 10 shots until the final 10 shots are determined head-to-head.
Now aside from the fact that the EBJ event seems more exciting, I think that if we ran simulations, we would find that the winner in the TBJT contest was more likely to be the best overall shooter than the EBJ contest, arguing that the EBJ event has more "luck" and less "skill" even though in the EBJ event each free-throw feels more critical, due to the cutthroat nature.
The problem with this analogy is that unlike the free-throw shooting contest, the first 75% of any TBJT event can be played on autopilot. Playing better than average in the first 75% of the hands has only a marginal effect on your final result, while in the EBJ event, those 75% of the hands were just as important as the final 25%.
So, to return to our analogy, I think a TBJT event is like a free-throw shooting contest where the first 35 shots can be lay-ups, and only the last 15 shots are actually free-throws (and perhaps the final shot is from the 3-point line for 2 points). The first 35 shots make a minor skill difference, but since almost all of the event comes down to skill in the final 15 shots (especially the last shot), the variance is actually higher and the skill level lower in an TBJT game.
I got curious, and implemented a quick simulation of this free throw contest idea.
Player 1 is an 0.60 free throw shooter, and he competes against 5 other players who are all 0.50 shooters.
In a straight 50-shot playoff, Player 1 wins nearly 60% of the matches.
If we eliminate the lowest scorer after every ten shots, Player 1 still wins 57% of the time. This is closer than I expected.
It's tough to draw any conclusions from the analogy, but it is clear that it is similar to EBJ in some ways and dissimilar in others. The main difference is that free throws are independent events, while blackjack hands are correlated due to the shared dealer hand.