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Probability Commons

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Theses/Dissertations

2016

Expected value

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Thinking Poker Through Game Theory, Damian Palafox Jun 2016

Thinking Poker Through Game Theory, Damian Palafox

Electronic Theses, Projects, and Dissertations

Poker is a complex game to analyze. In this project we will use the mathematics of game theory to solve some simplified variations of the game. Probability is the building block behind game theory. We must understand a few concepts from probability such as distributions, expected value, variance, and enumeration methods to aid us in studying game theory. We will solve and analyze games through game theory by using different decision methods, decision trees, and the process of domination and simplification. Poker models, with and without cards, will be provided to illustrate optimal strategies. Extensions to those models will be …