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What is equity?

#1 User is offline   blackshoe 

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Posted 2017-September-29, 14:32

What is "equity"? Does it change over the course of bidding? Over the course of play?
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#2 User is offline   ahydra 

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Posted 2017-September-29, 21:55

Baby don't hurt me, don't hurt me, no more... (sorry)

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#3 User is online   gordontd 

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Posted 2017-September-30, 01:34

It's worth noting that the word has been removed from two of the three places where it was used in the old laws, so perhaps less important to define it now than formerly. I do think though that it can change over the course of the hand: If the auction has gone off the rails before something stops the board from being able to be completed, what might be considered "equity" would be different than it would have been if you had sought to determine it before the hand had begun.
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#4 User is offline   blackshoe 

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Posted 2017-September-30, 10:54

Thanks, Gordon. I do expect people will still use it, and we'll probably have as many different meanings as we have people using the word. :-)
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#5 User is offline   barmar 

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Posted 2017-October-01, 14:44

While the word may not be used, the notion exists in other places. E.g. 64C, in the procedures after an established revoke, refers to the NOS being "insufficiently compensated ... for the damage caused" and then refers to the "likely result".

#6 User is offline   MinorKid 

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Posted 2017-October-01, 22:22

I have to say that on some strange hands and unscientific auctions which depends on a large portion of luck, it is difficult to restore equity after a leak of information from a irregularity.
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#7 User is offline   barmar 

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Posted 2017-October-02, 07:51

View PostMinorKid, on 2017-October-01, 22:22, said:

I have to say that on some strange hands and unscientific auctions which depends on a large portion of luck, it is difficult to restore equity after a leak of information from a irregularity.

That's why they pay us the big bucks. :)

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