The role of skill versus luck in poker
Subtitle: evidence from the world series of poker
By: Steven D. Levitt, Thomas J. Miles
Contributors: Miles, Thomas J.; National Bureau of Economic Research
Series: NBER working paper series -- working paper 17023; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17023.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "In determining the legality of online poker - a multibillion dollar industry - courts have relied heavily on the issue of whether or not poker is a game of skill.  Using newly available data, we analyze that question by examining the performance in the 2010 World Series of Poker of a group of poker players identified as being highly skilled prior to the start of the events.  Those players identified a priori as being highly skilled achieved an average return on investment of over 30 percent, compared to a -15 percent for all other players.  This large gap in returns is strong evidence in support of the idea that poker is a game of skill"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 7/21/2011.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.