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Subject:  Re: CAPS is not meant to be a mirror of performa Date:  2/14/2007  12:51 PM
Author:  woof321 Number:  4900 of 8790

The problem is that if one is better than average at picking stocks, then the system encourages making as many picks as possible. When I first started playing, I assumed, like most I suspect, that I should only enter my "best" picks. Adding a bunch off extra picks that in aggregate would beat the market would give me a few extra points but they would dilute my accuracy, so there'd be a trade-off. I soon realized that that isn't how this game works, however.

In baseball, we look at both quantitative (H, HR, RBI) and qualitative (BA, OBP, SLG) metrics when considering hitting performance. A hitter that often swings at bad pitches might add a few hits to his total, but will lower his qualitatives - sometimes it's better to just take the walk. There's a trade-off.

Not so in CAPS, unfortunately. Points seem to work fine as a quantitative metric. Accuracy was intended to measur