Title
Distinguishing luck from skill through statistical simulation: a case study
Abstract
To investigate the perential question of how to measure luck versus skill, we perform a detailed simulation study of Texas Hold'em poker hands. We define luck and skill as the player equity changes from dealing cards and from player betting decisions, respectively. We find that a careful definition of player equity leads to measurements of luck and skill which satisfy the statistical properties that we should expect them to. We conclude that our definitions of luck versus skill appear to be valid and accurate in the context of poker hands, and perhaps beyond to issues of luck and skill in other aspects of modern society.
Year
DOI
Venue
2022
10.1080/03610918.2019.1698746
COMMUNICATIONS IN STATISTICS-SIMULATION AND COMPUTATION
Keywords
DocType
Volume
Luck, Poker, Skilll, Statistical computation, Stochastic simulation, Texas holdem
Journal
51
Issue
ISSN
Citations 
5
0361-0918
0
PageRank 
References 
Authors
0.34
0
5
Name
Order
Citations
PageRank
Zhaoyu Guo100.34
Irwin Khuu200.34
Kevin Zhu300.34
Jeffrey S. Rosenthal435743.06
Frederic P. Schoenberg500.34