Using a simple poker game to introduce mixed strategies in game theory

Salim Neil Khan

Abstract


This article presents a classroom activity that introduces the idea of mixed strategies in game theory. In the activity, the students investigate a simple two-player poker game with the aim of determining the best strategies for both players. It comprises a mixture of hands-on playing, analysis using game theory, and simulation using computers.


Keywords


Practical Activity, Game Theory, Poker, Simulation.

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References


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Maschler, M., Solan, E. and Zamir, S., 2013. Game Theory. Translated from Hebrew by Z. Hellman and edited by M. Borns. New York: Cambridge University Press. pp. 144-218.

Tucker, A.W., 1950. A two-person dilemma (unpublished notes): In: E. Rasmusen, ed. 2001. Readings in Games and Information. Oxford: Blackwell. pp. 7–8.

Von Neumann, J. and Morgenstern, O., 1944. Theory of Games and Economic Behaviour. Princeton, NJ: Princeton University Press.




DOI: https://doi.org/10.21100/msor.v16i1.650

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