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Poker is a game of skill, much like chess or go, but distinct as an incomplete information game. Substantial work has … been done to understand human play in poker, as well as the optimal strategies in poker. Evolutionary game theory provides … another avenue to study poker by considering overarching strategies, namely rational and random play. In this work, a …
Persistent link: https://www.econbiz.de/10014443305
Risk aversion in game theory is usually modeled using expected utility, which was criticized early on, leading to an extensive literature on generalized expected utility. In this paper we are the first to apply μ-σ theory to the analysis of (static) games. μ-σ theory is widely accepted in...
Persistent link: https://www.econbiz.de/10012432539