And if your "other opening buy" is a Remake? Baron?
Yes, these are pretty much universal scenarios for Lookout (love that Remake/Lookout opening!) such that "plenty of games are lost" is contradicted.
It is one of the worse cases of lookout, for sure, but game losing? Not slightly. It can for example prevent you from getting your $4 buy delayed until turn 5 and makes sure it doesn't miss a reshuffle. It ensures that the next hand you get after the reshuffle won't have two of it be from your starting selection. And so on. Not getting a $5 or $6 you would have had is pretty bad, but most of the time people don't get those anyway. And if you are clever, your other card might be able to make something of those estates.
So we've now gone from "not nearly a bad thing" to "not slightly game losing," and also basing cleverness on retroactively having picked a good opening based on hitting a Copper/Copper/Copper Lookout. Good stuff.
Hm, I'm unsure what to think here. Both sides have a grain of truth. Ackack and fangz gave the most arguments to work with. The complement each other really nicely, actually. On the one hand, either you take it for granted that this is a losing scenario (because of the 1$ lost), and hedge against it with one of the aforementioned cards (you can add ambassador, remodel, salvager... to the list), or you
don't hedge against it, in which case you consider it not a big deal. The event has an 8% chance of happening.
Now if you consider that it is a big deal, but the probability is too low to hedge against it, that means your 4$ buy has a really high value (tournament, sea hag, feast...) in which case this scenario is probably noise to whatever randomness comes from the high value card.
In any event, even seeing a hand full of 3E+L+C, knowing with 100% proba that you will lose buying power next turn, I would play the lookout on most boards (skipping your 5th turn is just too good). Obviously it hurts, but that would be true regardless of the lookout. If anything, the lookout made the situation slightly better by accelerating your deck cycling to "forget" about the bad event, and have a second shot. The 8% chance of failure also wouldn't deter me from buying the lookout in the first place, for exactly the same reason. I mean, if the 5$ drop is
crucial to hit (mountebank, witch, vault because of grand market...), then you wouldn't open with lookout anyway, right?
I hope this covers more scenarios. The crucial point that seems to appear in the discussion is the person's 4$ buy, as well as the intended 5$ buy. Lookout is good, but the randomness it creates can easily be swamped by other cards. If it isn't the case, and lookout is your most important card in the first few turns, then the 4$ choice should be a
sidekick of the lookout, and hence hedge against the bad scenario? If the 4$ card is your crucial card, then the lookout is but a sidekick, and the event is probably overshadowed by the 4$ card. In the case of the 5$ card being dominant, you might skip lookout altogether. Writing all this up, I see that the annoying situation is if your 4$ drop is at roughly the same powerlevel as the lookout, and the hedger would be a sub-par card I cannot think of a specific example right now, however.