2015
DOI: 10.1088/1742-5468/2015/03/p03018
|View full text |Cite
|
Sign up to set email alerts
|

Poker as a skill game: rational versus irrational behaviors

Abstract: In many countries poker is one of the most popular card games. Although each variant of poker has its own rules, all involve the use of money to make the challenge meaningful. Nowadays, in the collective consciousness, some variants of poker are referred to as games of skill, others as gambling. A poker table can be viewed as a psychology lab, where human behavior can be observed and quantified. This work provides a preliminary analysis of the role of rationality in poker games, using a stylized version of Tex… Show more

Help me understand this report
View preprint versions

Search citation statements

Order By: Relevance

Paper Sections

Select...
1

Citation Types

2
26
0

Year Published

2015
2015
2023
2023

Publication Types

Select...
7

Relationship

2
5

Authors

Journals

citations
Cited by 16 publications
(28 citation statements)
references
References 20 publications
2
26
0
Order By: Relevance
“…In the other case, which resembles quenched randomness, a player uses one of the mentioned updating rules exclusively, but the fraction of those players who belongs to a specific set is well-defined. We note that considering an adaptive population where players playing a skill game was reported in [18].…”
Section: Introductionmentioning
confidence: 99%
“…In the other case, which resembles quenched randomness, a player uses one of the mentioned updating rules exclusively, but the fraction of those players who belongs to a specific set is well-defined. We note that considering an adaptive population where players playing a skill game was reported in [18].…”
Section: Introductionmentioning
confidence: 99%
“…Typically, the basic dynamics of the PGG let agents change their strategy according to rules based on the payoff [4], e.g. agents imitate their richest neighbor, which is our definition of rational thinking [39]. In our model we aim to investigate the outcomes of the PGG in heterogeneous populations, i.e.…”
mentioning
confidence: 99%
“…Therefore, in this last case, players can play until they have money and, although there are no entry fees to pay, a fraction of each pot is taxed (i.e., a small 'rake' is applied). In the work [22], the author defined a model for representing poker challenges, focusing on tournaments, in order to study the role of rationality. His main result was that the nature of poker does not depend on its rules but on the players's behavior, then identifying rationality as a key ingredient to succeed.…”
mentioning
confidence: 99%
“…As a consequence, since 'heads-up' tournaments have a tree-like structure, the final winner is a rational player when the number of total participants N , regardless of their behavior, is N ≤ 2 W . After analyzing poker tournaments by different conditions (e.g., also allowing rationals to change behavior), the author [22] states that the nature of poker depends on the players' behavior, but not on its rules.…”
mentioning
confidence: 99%
See 1 more Smart Citation