Jul 11,2005, 12:16 PM
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| Full PFC Member
Join Date: Jan 2004
Posts: 4,251
| Re: Game Theory and Poker
Certainly there are aspects of game theory which can be applied to poker.
"Theory of Poker" by Sklansky probably has the most direct discussion about how to incorporate game theory into a poker strategy.
John Von Neumann's "Theory of Games and Economic Behavior" has a chapter which applies game theoretic ideas to a generic version of poker where there is only one betting round. (Like 5 card draw, with 1 card and no draw.)
As far as I underatand it, the poker AI research at the U of Alberta (i.e. PokiBot), which will appear in the upcoming PC/console poker game "Stacked", also makes use of a healthy amount of game theory.
The most common place where game theory occurs in poker is in optimal betting vs bluffing strategies and counter-strategies. In fact, most poker players use at least some intuitive version of game theory when they play. If you've ever thought things like "Opponent A bluffs a lot, so I'm going to call him when I have a medium-weak hand more than I usually would", you've made a simple application of game theory to poker.
The Prisoner's Dilemma is an example from co-operative, non-zero-sum game theory, so I'm having trouble seeing how this might apply to poker, a purely competitive, zero-sum game.
ScottyZ
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