Economics

Texas Hold’em and Expected Utility Functions – Addendum –

This article will supplement my previous posts with information about Texas Hold'em and expected utility functions. In addition, I will briefly describe my impressions of playing Texas Hold'em.

2025.01.16

Economics

Texas Hold’em and Game Theory

This article outlines how to predict the opponent's hand (hand range) in Texas Hold'em and how to apply game theory. By adding these elements as player functions in the game, it may be possible to create a stronger NPC player.

2024.12.27

Economics

Texas Hold’em and Expected Utility Theory

In order to design the behavior of NPCs in Texas Hold'em, we consider how to make decisions using expected utility theory. At the same time, we consider what factors represent the strength and weakness of players.

2024.12.16

Economics

Extension of the Kelly Criterion in Gambling: CRRA-type Utility Function

In this article, we extend the Kelly criterion to a more general utility function (CRRA-type utility function) and explain how to determine a betting portfolio based on a gambler's risk aversion.

2024.07.06

EconomicsProbability

Pareto Principle

There was apparently an empirical rule that the top 20% of people in a nation account for 80% of the income. This rule is known as the Pareto Principle.

2024.06.27

Economics