Sönmez, Ege (2012) How well can a simplified, two-person zero-sum poker game analysis help to interpret basic decisions and moves made by companies and small businesses? Other thesis, TED Ankara College Foundation High School.
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Abstract
In this essay a simplified game of poker, a two-person one-card poker with unitary bet size was analyzed in means of every possible scenario possible to occur between to rational players. The outcomes of these scenarios were properly placed together to find an equation for one of the player’s expected value. Then this expected value was briefly analyzed for each player. It was found out that one of the players, the one in the dealer position, had an unbeatable strategy. Due to this fact, the dealer simply had the advantage. It was stated that this problem, for this game, can be solved by replacing the roles of the players each round. A real situation concerning the expansion of airline transportation in Turkey was inspected and features and the moves of the poker game were easily transposed into that situation. After that, a scenario was created including two rival markets in the same street. By accepting a multiple of assumptions, many moves from the poker game were interpreted into this scenario and the opener, who had the disadvantage in the poker game, at some point, succeeded to gain a positive EV. During the period of changing strategies, it never looked the most beneficial for the dealer to activate their unbeatable strategy due to the content of the scenario. It was seen that the basic poker model taken was good enough to analyze and explain a multiple of decisions and moves made by real-life companies or small businesses. It was also seen that it is the untouchable strategies do not always seem to be the most beneficial for the player.
| Item Type: | Thesis (Other) |
|---|---|
| Additional Information: | Supervisor : Mehmet Emin Özer, IB Notu: C |
| Uncontrolled Keywords: | game of poker,a two-person one-card poker, |
| Subjects: | Q Science > QA Mathematics |
| Depositing User: | Kamil Çömlekçi |
| Date Deposited: | 09 Jul 2012 09:00 |
| Last Modified: | 12 Apr 2019 09:49 |
| URI: | http://tedprints.tedankara.k12.tr/id/eprint/213 |
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