Poker
- Inventor of Game: 1800s French Settlers
You might wonder how the game of poker could somehow be one of the most notable game theories. You likely also want to know how this could be one of the most mind-boggling game theories on top of that. However, for those that know the game of Poker, you’re well aware of the strategy one must consider. Poker is not just a fun game to play with the boys. It’s also a game where you must consider several different issues and base your decisions on them. Things to consider will, of course, be things like the hand that you have, the chips you possess, what your opponent(s) have to play, and much more.
David Sklansky famously introduced a fundamental theorem of poker. Where he referenced how poker is a game of decision-making directly in the face of incomplete information. This is why it is a game of risk for those that play. Every time you played your hand the way you would if you could see your opponent’s cards, you gain. Every time your opponents play their cards from the way they would play them if they could see your cards, you gain. However, on top of all of this might be the strategy of bluffing or slow-play, which adds in the element of deception that alters how your opponent(s) play. Beyond this, Poker also might include things like pot odds among many other potential issues a player must face.