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| Hand Development in the von Neumann and Newman Poker Models http://poker-ai.org/phpbb/viewtopic.php?f=25&t=2586 |
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| Author: | pokerpaper [ Thu Sep 12, 2013 6:32 pm ] |
| Post subject: | Hand Development in the von Neumann and Newman Poker Models |
Hand Development in the von Neumann and Newman Poker Models Authors: N. Bernasconi, J.Lorenz, R. Spoehel Abstract: The von Neumann and Newman poker models are simplifed two-person poker models with Uniform(0,1)-hands. We analyze a simple extension of both models that introduces an element of uncertainty about the final strength of each player's own hand, as is present in real poker games. Whenever a showdown occurs, an unfair coin with fixed bias q is tossed. With probability 1-q, the higher hand value wins as usual, but with the remaining probability q, the lower hand wins. Both models favour the frst player for q=0 and are fair for q=1/2. Our somewhat surprising result is that the first player's expected payoff increases with q as long as q is not too large. That is, the first player can exploit the additional uncertainty introduced by the coin toss and extract even more value from his opponent. Download Link |
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| Author: | cantina [ Fri Sep 13, 2013 6:33 pm ] |
| Post subject: | Re: Hand Development in the von Neumann and Newman Poker Mod |
Just looking at the abstract, this is a way to create augmented strategies? I wonder how this differs from utility weighting? |
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