Some links to an economic analysis of poker
New (May 2011) NBER working paper
on the role of skill in poker
“The Endgame in Poker,”
by Chris Ferguson and Tom Ferguson
Behavioral
Economics, Politics and Poker
The
cold war, game theory, and poker
An
introduction to the role of game theory in poker
The
role of utility theory in making a deal at the end of a big tournament
Understanding prospect theory
in poker
Is
there an example here that is consistent with prospect theory?
Competitive
risk-taking behavior, by gender
People
usually don’t like risks out of their comfort zone
Articles on level-k thinking
Mixed
strategies and level-k thinking
Anticipating
how opponents play
Levels
of thinking in Pot-Limit Omaha required
Why
do people play poker? An invisible hand
analysis (Scroll down to “The Invisible Hand of Poker”)
Variance
and randomness as a poker professional
Playing
suited aces against random hands and against an opponent’s range
Separating
luck and skill in poker
Can
computers beat poker pros at their own game?
Cost-benefit
analysis of going to college versus being a full-time professional poker player
Arguments
for staying in school (vs. being a pro poker player)
Playing
poker professionally: What is the optimal amount of practice time?
Should
you ever fold aces? A cost-benefit
analysis
Causation
versus correlation in poker
Marginal
analysis: What is the optimal number of online tables to play?
Cost-benefit
analysis of adding more tables to online play
High-stakes
online poker tournaments: Do we see something close to equilibrium behavior
here?
A very simplified cost-benefit analysis of limit hold ‘em
Collusion versus
cooperation: What is the difference? (Good for thinking about applications in
game theory) (Also in the October 12,
2010 edition of Card Player magazine)
Former UCSB students who can be linked to poker
Jeff Madsen, 2006 WSOP Player
of the Year
Lon McEachren,
Commentator on ESPN’s broadcasts of the WSOP
Todd Witteles,
Card Player magazine’s 2005 WSOP Player of the Year
Michael Shackleford (a former Math/Econ major at UCSB), also
known as the Wizard of Odds… He provides
a mathematical approach to casino games, including poker
Some poker history
Jack
Binion, the father of the WSOP
Billy
Baxter, who helped establish poker winnings as earned (vs. unearned) income
History
of Poker: How game theory shaped
analysis of poker and economics
April
15, 2011: A major change in US on-line poker (An economist’s point of view)