Help with Business Finance

  • Status Closed
  • Budget $30 - $250 USD
  • Total Bids 1

Project Description

I'm a poker player and I have 2 questions I need help with. It should take 1-2 hours. I am summarizing the questions below to give a general sense of what is required, but I am including links to videos which detail the task and need to be watched in order to understand the scope of what is needed.

[url removed, login to view]!AkRxtEkrBxzQoZYHr3NLY7ITGSCF8Q

1. I have poker statistics on the population by two-card hand (AA, KK, QQ...etc)-this is data on the player pool at the level I play. The data I have is for only the portion of hands that didn't result in a fold, and I need to put together formulas in excel to make inferences about the way these unseen hands were distributed across his range of possible two-card hands.

2. When playing against a single opponent, I have to use Bayesian inference to determine the frequencies with which he plays hands as a function of the population. This is fairly straightforward for aggregate statistics (e.g. the frequency with which he opens with a raise) but I'm not sure how to make inferences about the way it affects the distribution of his range. Using the population's distribution of hands as a basis, I want to know A) how to adjust this distribution for unseen hands (those resulting in a fold) and B) how to adjust this distribution for known hands (those resulting in showdown on the final round of betting).

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