<> "The repository administrator has not yet configured an RDF license."^^ . <> . . "Measuring Skill and Chance in Games"^^ . "Online and offline gaming has become a multi-billion dollar industry. However, games of chance are prohibited or tightly regulated in many jurisdictions. Thus, the question whether a game predominantly depends on skill\r\nor chance has important legal and regulatory implications. In this paper, we suggest a new empirical criterion for distinguishing games of skill from games\r\nof chance: All players are ranked according to a \"best-fit\" Elo algorithm. The wider the distribution of player ratings are in a game, the more important is the role of skill. Most importantly, we provide a new benchmark (\"50%-chess\") that allows to decide whether games predominantly (more than 50%) depend on chance, as this criterion is often used by courts. We apply the\r\nmethod to large datasets of various two-player games (e.g. chess, poker, backgammon, tetris). Our findings indicate that most popular online games, including poker, are below the threshold of 50% skill and thus depend pre-\r\ndominantly on chance. In fact, poker contains about as much skill as chess when 3 out of 4 chess games are replaced by a coin flip."^^ . "2017-12-20" . . . "0643" . . . . . . . . . . . "Peter"^^ . "Duersch"^^ . "Peter Duersch"^^ . . "Marco"^^ . "Lambrecht"^^ . "Marco Lambrecht"^^ . . "Joerg"^^ . "Oechssler"^^ . "Joerg Oechssler"^^ . . "Universität Heidelberg"^^ . . . . . . . "Measuring Skill and Chance in Games (Other)"^^ . . . . . . "lightbox.jpg"^^ . . . "Measuring Skill and Chance in Games (Other)"^^ . . . . . . "indexcodes.txt"^^ . . . "Measuring Skill and Chance in Games (Other)"^^ . . . . . . "small.jpg"^^ . . . "Measuring Skill and Chance in Games (Other)"^^ . . . . . . "medium.jpg"^^ . . . "Measuring Skill and Chance in Games (Other)"^^ . . . . . . "preview.jpg"^^ . . . "Measuring Skill and Chance in Games (PDF)"^^ . . . "Duersch_Lambrecht_Oechssler_2017_dp0643.pdf"^^ . . "HTML Summary of #23867 \n\nMeasuring Skill and Chance in Games\n\n" . "text/html" . . . "330 Wirtschaft"@de . "330 Economics"@en . .