Game Theory and Python: An educational tutorial to game theory and repeated games using Python

Glynatsi, Nikoleta E.; Knight, Vincent A.

doi:10.21105/jose.00078

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Programming1

-Player-game From Player's Perspective1

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2023

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Cited by 1 publication

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“…In his experiments, strategies sometimes favor the individual and sometimes the group. And computer helped to make decisions based on previous records, average scores were used to find out the winner of the game [7].…”

Section: Programmingmentioning

confidence: 99%

See 1 more Smart Citation

Game theory--optimum strategy for drawing cards in 21 points

Han,

Peng,

Zhao

2023

TNS

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Blackjack is a popular casino poker game in which players make drawing decisions based on rules other than the size of their points. We found that despite the randomness of the card draw, blackjack is actually very mathematical and logical. By calculating probabilities and using game theory, we can allow players to make relatively "rational" decisions that maximize their expectations of winning, rather than relying solely on guesswork and vague feelings. Therefore, in this article, we built several models to simulate a blackjack game with different numbers of people. For players in each model, we give them a code that outputs the optimal decision, which helps them figure out the winning percentage (more specifically, the expectation, since once stakes are involved in multiplayer games, the winning percentage doesn't necessarily represent the expectation of winning money) for each decision, thus helping the player make a better decision.

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Section: Programmingmentioning

confidence: 99%

“…In the end, we only draw cards if our win rate increases more than our lose rate. For example, if cards in hand are [1,7] and [1,6], results see Tables 2-4.…”

Section: -Player-game From Player's Perspectivementioning

confidence: 99%