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At master level (approximately 2360 elo) and above, a pawn deficit is generally decisive. From there down to 1800 elo a pawn deficit on its own need not be disastrous, unless the inferior side cannot avoid a simple losing endgame. Below that level, a two-pawn deficit (or a piece for a pawn or two) can often be overcome.
David LeMoir, How To Be Lucky In Chess

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