[JaredL]

[ QUOTE ]

Most of the players are semi-rational. It's just that they may not
be on the same wave length as us on strategy. Are they consistent
and predictable? To some degree they are. At least we can make
assumptions which should produce better results than assuming
all actions by opponents are random.


[/ QUOTE ]

When I say players are not rational, I'm not saying that they play randomly just that they don't follow the game theoretic definition of rationality that is assumed.

[ QUOTE ]

On earlier streets, streets before the river it's less game
theory doesn't apply than with our limited understanding of game
theory the simplistic models are not very useful for most game
situations. In the future we should be able to construct better
models to solve more game situations. But game theory will never
be able to quantify and assign proper values to opponents'
tendencies. That will be an exercise for each player.

[/ QUOTE ]

Not sure what you mean in the first sentence. As for the end, just to promote my next article, I will be discussing specifically how "to quantify and assign proper values to opponents' tendencies." This is an exercise for the player, but the best way is to use techniques from game theory.

Jared