I am working on a algorithm for a software module but decided I was hung up on the mathematical formula so I posted here instead of Programmers.
Each scenario will have a team of people competing. Each team can be thought as a unique set of players each of random variable size. Minimum team size is 2.
Eg. Team2 - 9 players
Each player can be thought as a binary decision... for simplicity sake lets say that they will randomly grab a hat to wear without looking, either a black hat or a white hat. If every person on the team happens to have a BLACK hat then they will be awarded points. If so much as one person happens to be wearing a white hat then they will not be awarded any points.
The above is to give some background and context to the actual problem because it is an easy binary decision in my algorithm. This is incidental to the formula so far. The important thing to note is that a team can have a random number of players and point awards are all or nothing.
I am trying to determine a formula to determine how many points to award equitably. Clearly it is statistically more likely that small teams will have better odds thus the point award should be smaller. Larger teams are riskier so they should get much more bountiful rewards.
The starting point is to assume that the smallest possible team (2 players) should receive 10 points. Let t = 2, p = 10.
I am trying to determine the most statistically equitable formula and an appropriate constant ratio that can be applied in this calculation to determine the most equitable point reward.
In response to a request for more information:
what precisely does it mean to award points "equitably"?I apologize for the loose term, but equitably in my case would be one where if I were to have a sufficient sample size of Teams, that on average any team regardless of size will have a statistically similar amount of points. I hope this is clear: (Eg. Team1 4 players - 53 points over a year, Team 2 9 players, 51 points over the same year)
Are these shared by team members?Points are awarded to a team, not to team members. There can be any number of events that a number of teams will participate in. Many teams will not get points. Some will get points. If points are awarded depends on the random player criteria listed above. The amount of points rewarded should depend on the statistical probability that every team member flips a coin and gets heads.
Are they used to determine which team "wins" in the competition?It is not really a competition and the ones with the most and least points are outliers and not very interesting to me.
Can individual members appear on more than one team?No. Teams are more interesting than players anyway, at least in this scenario. Teams have a variable number of players and for each event they all essentially flip a coin hoping that everybody gets heads. If the population of events is in the thousands, then I should be able to get a sufficient sample size to determine that teams with smaller amounts of players DO NOT have a statistical advantage at earning points than teams with MORE players. This is what I mean by equitable.