Skill in Games

Patrick Larkey, Joseph B. Kadane, Robert Austin and Shmuel Zamir ()
Additional contact information
Patrick Larkey: H. J. Heinz III School of Public Policy and Management, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213
Joseph B. Kadane: Department of Statistics, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213
Robert Austin: Harvard Business School, Cambridge, Massachusetts 02139

Management Science, 1997, vol. 43, issue 5, 596-609

Abstract: Differences in players' skill are important determinants of relative player success in most real games such as poker, chess, basketball, business, and politics. Yet conventional game theory has concentrated primarily on games with no skill differences among players. This paper uses a simplified version of stud poker to better understand the concept of differential player skill in games. Players with very different strategies for playing this game are modeled algorithmically and pitted against one another in simulation tournaments.

Keywords: Bayesian game theory; game theory; poker; simulation; strategy (search for similar items in EconPapers)
Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.43.5.596 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:43:y:1997:i:5:p:596-609

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().