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Old 11-18-2007, 08:18 PM
Albert Moulton Albert Moulton is offline
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Join Date: Jan 2005
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Default Re: What are the best poker history book(s)/site(s)?

It might be interesting to show how poker influenced the development of Game Theory.

Father of Game Theory

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In 1921, Emile Borel, a French mathematician, published several papers on the theory of games. He used poker as an example and addressed the problem of bluffing and second-guessing the opponent in a game of imperfect information. Borel envisioned game theory as being used in economic and military applications. Borel's ultimate goal was to determine whether a "best" strategy for a given game exists and to find that strategy. While Borel could be arguably called as the first mathematician to envision an organized system for playing games, he did not develop his ideas very far. For that reason, most historians give the credit for developing and popularizing game theory to John Von Neumann, who published his first paper on game theory in 1928, seven years after Borel.



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and

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For Von Neumann, the inspiration for game theory was poker, a game he played occasionally and not terribly well. Von Neumann realized that poker was not guided by probability theory alone, as an unfortunate player who would use only probability theory would find out. Von Neumann wanted to formalize the idea of "bluffing," a strategy that is meant to deceive the other players and hide information from them.

In his 1928 article, "Theory of Parlor Games," Von Neumann first approached the discussion of game theory, and proved the famous Minimax theorem. From the outset, Von Neumann knew that game theory would prove invaluable to economists. He teamed up with Oskar Morgenstern, an Austrian economist at Princeton, to develop his theory.

Their book, Theory of Games and Economic Behavior, revolutionized the field of economics. Although the work itself was intended solely for economists, its applications to psychology, sociology, politics, warfare, recreational games, and many other fields soon became apparent.



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This is just one website, but there are more detailed books that might have more detailed information.
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