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  1. #1


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    How is trip risk calculated?

    I'm curious what the equation is for calculating the risk, given a certain amount of hours played, of losing your trip bank. I assume some inputs will be the SD, N0, and EV of the game, and perhaps the overall ROR with unlimited play, but as I said I don't know the equation. Thanks

  2. #2


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    BJA3, pp. 132-134.

    Don

  3. #3


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    The only question I still have then is how to write out this cumulative normal distribution formula - N()? I see you've shown some results in the tables at the end of the chapter, but I still do not know what the formula is? Thanks. Sorry for my ignorance - I'm more of an applicator than a deriver.

  4. #4


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    Quote Originally Posted by autonymity View Post
    The only question I still have then is how to write out this cumulative normal distribution formula - N()? I see you've shown some results in the tables at the end of the chapter, but I still do not know what the formula is? Thanks. Sorry for my ignorance - I'm more of an applicator than a deriver.
    The formula appears towards the bottom of page 132.

    Don

  5. #5


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    Quote Originally Posted by autonymity View Post
    The only question I still have then is how to write out this cumulative normal distribution formula - N()? I see you've shown some results in the tables at the end of the chapter, but I still do not know what the formula is? Thanks. Sorry for my ignorance - I'm more of an applicator than a deriver.
    autonymity,

    The formula for the cumulative normal distribution formula N() is shown in Wikipedia at https://en.m.wikipedia.org/wiki/Standard_normal_table

    If instead you are asking how to calculate it, use Microsoft Excel's NORM.S.DIST function. For example, on page 134 for the 200-unit bankroll Don shows N(-1.48) to be 0.0694. In Excel, the formula "=NORM.S.DIST(-1.48,1)" returns a value of 0.0694366...

    Note that this NORM.S.DIST function was introduced in Excel 2010. If your version is older, the function name is spelled without periods: NORMSDIST(-1.48).

    Hope this helps!

    Dog Hand

  6. #6
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    autonymity, in Excel, =NORM.S.DIST(-1.48,0) gives you normal distribution and =NORM.S.DIST(-1.48,1) gives you cumulative normal distribution. Normal distribution is simple to calculate. Cumulative normal distribution is a calculus problem as it calculates area under a curve and requires either use of a Taylor series or an approximation technique. CVData/CVCX uses an approximation technique which gives an answer of .0694366233333317.
    Last edited by Norm; 08-18-2024 at 11:14 AM.
    "I don't think outside the box; I think of what I can do with the box." - Henri Matisse

  7. #7


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    Ah, I see you're looking for the cumulative normal used in the p. 132 formula. Try pages 147-48.

    Don

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