Thursday, Sep 28th

Variance :: Parts I-II

Variance I

Ah, yes, variance, the ever-present driving force behind so much of how we develop strategies and courses of action in fantasy sports (and other games with a defined set of rules and a defined range of outcomes). Before we get into the meat of the matter in Game Theory, I first want to ensure everyone has a sound understanding of variance. We defined statistical variance in a recent article, but allow me to provide a quick refresher. Variance in statistics is the measure of how spread out a set of data is about its mean. The actual . . .

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