Is variance only something you talk about in poker? Or may it occur in our life also?
Of course it can! This is not a concept that only is related to poker, but fundamentally and scientifically can be defined by chaos theory.
Now I don't want to get too much into this theory, but one might describe it somewhat like "everything is probable".
Like when you mix a deck of cards, it would theoretically be likely to have mixed the cards so that they lie in order aces to kings in different colours.
Ultimately, one can imagine to mix 2 colours of paint, which then turns into a third colour. It is acc. chaos theory possible (because you mix a number of molecules together), after mixing the colours well together, again to get 2 separate colours!
Anyway, back to the variance in life. I personally got acquainted with life-variance here recently, thankfully, only a mechanical one of them:
1. chain broke on my son's bike $ 55
2. my cell phone went in the washing machine + $ 200
3. my son's newly purchased used moped leaked gasoline $ 36
4. steering box on my car broke $ 1.667!
all within 2 days as attributable to variance. Most likely, we can now look forward to the next several years without any mechanical problems.
Of course it can! This is not a concept that only is related to poker, but fundamentally and scientifically can be defined by chaos theory.
Now I don't want to get too much into this theory, but one might describe it somewhat like "everything is probable".
Like when you mix a deck of cards, it would theoretically be likely to have mixed the cards so that they lie in order aces to kings in different colours.
Ultimately, one can imagine to mix 2 colours of paint, which then turns into a third colour. It is acc. chaos theory possible (because you mix a number of molecules together), after mixing the colours well together, again to get 2 separate colours!
Anyway, back to the variance in life. I personally got acquainted with life-variance here recently, thankfully, only a mechanical one of them:
1. chain broke on my son's bike $ 55
2. my cell phone went in the washing machine + $ 200
3. my son's newly purchased used moped leaked gasoline $ 36
4. steering box on my car broke $ 1.667!
all within 2 days as attributable to variance. Most likely, we can now look forward to the next several years without any mechanical problems.
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