Gil, how exactly do you define game of luck vs game of skill? For example, you write:
For example, if players are playing even-bets chess games then a major effort of the players will be to choose opponents with lower or equal skill level. This will push the betting to be primarily between players of equal skills with roughly the same probability to win.
So does your definition imply that if players are evenly matched, the game is about luck? Doesn’t look very intuitive to me.
Gil, how exactly do you define game of luck vs game of skill? For example, you write:
For example, if players are playing even-bets chess games then a major effort of the players will be to choose opponents with lower or equal skill level. This will push the betting to be primarily between players of equal skills with roughly the same probability to win.
So does your definition imply that if players are evenly matched, the game is about luck? Doesn’t look very intuitive to me.