Re: Game Theory and Poker
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Just a minor whinge. I am not sure that the description of Nash Equilibrium is wrong in "A Beautiful Mind"? Isn't Nash supposing that if anyone were to alter their strategy and go for the Blonde then that would cause the others to similarly alter their strategy? Thus they are optimal if they stick with their own brunette! It's a kind of Prisoner's Dilemma situation.
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As I understand the article, in a true Nash Equilibrium going after the blonde would not improve your results even if no one else altered their strategy. Obviously that isn't true if everyone else is pursuing a strategy of only courting brunettes.
Returning to poker, in an equilibrium situation bluffing more than the equilibrium amount cannot make you more money even if no one else compensates by calling more.
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