11th December 2005, 10:34 AM
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Member
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Join Date: Dec 2005
Posts: 25
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huh? how did we go from trying to show one group of horses is a better proposition than another to staking? i think this is more camoflage.
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Originally Posted by jfc
There is no flaw in my indicator because I don't use that for estimating probabilities.
It simply happens to be a more meaningful indicator than strike rate, because it usually copes with strike rate anomalies caused by field sizes.
I used it here late in the discussion merely to highlight what I consider a significant difference between 2 large samples.
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whether you use it for estimating probabilities or not is irrelevant. there is a flaw in your indicator. i can see it. mr chrome prince can see it. i think many intelligent people can see it. much more accurate indicator is easy to calculate. if you wish to continue to use flawed indicator to "highlight what i consider a significant difference" then so be it. it brings to mind famous quote by Mr Mark Twain
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“There are three kinds of lies: lies, damned lies, and statistics.”
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i go now. i can see there is no point to continue this discussion.
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