Poker: The Skill Game

Entries categorized as ‘Economics’

Economics: Poker – Skill vs. Chance

May 4, 2007 · Leave a Comment

“The gist is this: forget about winning at poker, and think for a moment about losing. Is it possible to intentionally lose a poker game?

The answer is yes, of course. Is it possible, meanwhile, to intentionally lose a game like Baccarat or roulette or craps?

No, it’s not — which means that you have no control over the outcome, which means that they are entirely games of chance. And which means, in Duke’s argument, that poker, therefore, is not.”

Freakonomics (05/03/07)

Categories: Economics

Website: Pokernomics – An Economist Explores the World of Online Poker

May 3, 2007 · Leave a Comment

“It is our goal to collect as many hand histories from individual players as possible. Using these, we will determine what accounts for different people’s success in poker. Are there any commonalities between the very best players? How much can people expect to make before the flop based upon starting hands alone? To what extent are the very best players beholden to luck?

The number of questions that will be able to be answered is huge. As we begin receiving more and more hand histories, we will keep you updated on our preliminary findings.”

Pokernomics.com

Categories: Economics