Friday, September 28, 2012

Startup Success Requires The Drive For Data

Jeff MaEditor's note:?Jeff Ma is the founder of tenXer, a startup that provides tools to help people?better understand their performance, progress, and productivity at work.?Previously, he helped start GolfSpan.com, CircleLending, and Citizen Sports. Follow him on Twitter. The first thing you learn when you start playing blackjack is something called basic strategy?- a decision matrix that tells you the correct play for every hand based on your cards and the dealer?s exposed card. Data and statistics will tell you that basic strategy is always the optimal strategy. In fact, following it perfectly reduces the casino?s edge over the average player from 3 percent to 0.5 percent.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/TDmfNU687vA/

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