Economics ICM (Independent Chip Model)
This article introduces a model called ICM (Independent Chip Model) that estimates the expected prize money that can be won in a Texas Hold'em tournament.
Expected Utility Function
Economics 
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.
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.
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.