Lately (dated April 2011, but published in May 2011), Steven Levitt and Thomas Miles published in the national Bureau of economic research, a study on the luck factor and skills, two areas considered similar: poker and the stock exchange.
For informational purposes, the national Bureau of economic research is a private American, non-profit organization non-profit, politically independent, devoted to economics and empirical research associated, particularly with the economy American.
It undertakes and publishes economic studies for policy makers, to the business world and the academic world.
According to the results of the study:
"Priori identified players as skilled got a return on investment of over 30% compared with 15% for all other players. The differences in these returns on investment are statistically highly significant and much larger than those observed in financial markets. »
According to this study, players who want to earn a lot of money must be prepared to take big calculated risks. According to the researchers, poker is a game of skill and they find absurd legal restrictions on transactions between banks and online poker sites. Poker does not deserve the same status as games of pure chance.
The study is called: The Role of Skill Versus Luck in Poker: Evidence from the World Series of Poker. She is also interested in Jonathan Duhamel, winner of the Main Event of World Series of Poker 2010 by studying in detail his tournament.
For the curious who would like to have more details on this study, you will be able to consult it at the following address: http://pricetheory.uchicago.edu/levitt/Papers/WSOP2011.pdf
This kind of study will help to make the less marginal poker? The future will tell us.
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