But all these calculations take only the first moment of the two different distributions into account. As he speaks about reaching a target number he has to take at least the second moments into account. I ran my own simulations taking the variance into account and got slightly different results. Therefore I just want to know if he adjusts for risk preferences or if the results change by looking at the skewness or kurtosis of the distributions.
Further, I am not sure how useful these charts are as most of the time you want to maximize your expected number of hits and not reaching a certain target number as you do not know this number. Hence I just stick to the following table:
....
Well I'm not GMFunkytown, nor do I play him on TV, but I would assume he has adjusted for some risk tolerance since his google spreadsheet for hitting specific thresholds does not follow the 18/7 rule exactly, likely for the factors you mentioned and that the 18/7 rule is best applied to open-ended tests rather than binary pass-fail (threshold) tests. Incidentally, your table is precisely the results of applying the 18/7 rule to the 8 possible edge scores. That's a nice reference for those with more severe mathematical allergies.
If we really want to be rigorous with our decision making regarding edge there is not just 1 decision point, but 2 on whether (and how) to use edge on a test..
1) The first decision is whether to Push the Limit before the test or NOT. This is a VERY important point, and one he pointed out in his video (7:21) - that if you wait to use edge, you might just do well enough without edge. That's true but it's really only one of 4 cases at the second decision point which is after you decide not to use edge AND you see the results of the dice. The 4 cases are as follows, starting with the one Bobby mentioned.
Case 1: You do so well with your base dicepool that you don't need to spend any edge at all to get done what you needed to do.
Case 2: You roll so abysmally poor that edge is not likely to help and you're better off just accepting failure than wasting precious edge.
Case 3: Your limit is not a concern and rerolling failures is likely to give you a material benefit. (Most likely)
Case 4: You roll so amazingly well that you're already over the limit and hits will be wasted unless you Push the Limit. (Least likely)
From a non-mathy perspective, the ancillary benefits of "wait and see" are significant enough (Case 1 and 2 saving you edge) that using edge before the roll is going to be the lesser advantage whenever it's a close call regarding which method to use, and his Edge Cheat Sheets bears that out as well.