Georgia Tech statisticians use Markov chains for a combined 83 percent accuracy over the past nine tournaments. Who is the computer favorite this year?
In poker, it is well known that playing the odds will net you more wins than losses, but it wont make you a top player. For that, you need an unquantifiable ability to read the other players at the table and decipher their emotional state when they make bets. Just the opposite is proving to be true when it comes to betting on winners in the NCAA tournament. Engineering professors at the Georgia Institute of Technology have demonstrated that statistics accurately inform success in the tournament. Most peoples picks are based largely on emotional inference, they say, which leads to inaccurate choices.