Standard Performance Measure Deciles.

The table ranks all players who played 1,000 hands or more over the first six months of our sample period (Period 1) into deciles by their performance over these six months, where performance is measured as the average number of big blinds won per hundred hands after correction for rake. For each decile, the first columns show the number of included players (N) and their average performance (bb/100) for this ranking period. The next columns show the number of players from the decile who played at least one hand in the last six months of our sample period (Period 2), as well as their average performance for this measurement period and how they rank on average relative to all other players who played at least one hand (Rank). Average decile performance (bb/100) is expressed both as a straight average (unweighted) and as a weighted average, where the weights are either the square roots of players’ number of hands (weighted by √n) or players’ number of hands (weighted by n). Panel A (B/C) shows the results for observations from the small (medium/high) stakes level separately. Panel D shows the results for all stakes levels combined. For each panel, the table shows the Spearman rank correlation between the two periods for the average performance at the decile level (for each weighting method) and for performance at the player level (in Rank column).Standard Performance Measure Deciles.