Bluffing in poker is examined as a problem in game theory. A very common situation occurs where the "kitty" contains K, player B has the apparent high hand, and player A has an apparent probability, P, of having a better hand than B, and considers a bluff. Under these conditions it can be shown...

A method of making decisions in competitive situations is discussed which attempts to use analysis in a more rational manner than in the methods given by the mathematical theory of games. The method is based on two principles which have been the subject of much controversy in the field of...

The value relationships among the competitors in a competitive situation are described by means of competitive coefficients. The competitive coefficient defines the indirect gain or loss to a competitor as a result of losses or gains by the other competitors. An example is given to illustrate...