You-Read-It-Here-First Forum Index You-Read-It-Here-First
A collection of textual novelties
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 
If you want to read the articles here, go ahead, just click on a forum and find a thread that interests you...no need to register! If you want to post something... either new or in response to someone here, then click the Register link above. It's free... and it's fun to write your ideas here. You can even create a "blog" by starting a personal thread in the Daily Life Every Thread A Diary section...

Poker as Auction

 
Post new topic   Reply to topic    You-Read-It-Here-First Forum Index -> Poker as metaphor
View previous topic :: View next topic  
Author Message
brian-hansen
Site Admin


Joined: 17 Mar 2006
Posts: 712
Location: Oregon

PostPosted: Wed Nov 11, 2009 8:30 pm    Post subject: Poker as Auction Reply with quote

A recent posting about auctions in this forum made me realize
that I haven't posted about something that surprised me when I
"discovered" it about a year ago - that the structure of poker is
analogous to an auction.

My apologies to those who have recognized this already, but there
are several interesting offshoots to thinking of poker this way.

In particular, bets in poker correspond to bids in an
auction. One special feature of this auction is that there can be
multiple "winners". The winners of the auction are bidding on the
chance to prove that their hand will be valued more highly than
the others. Of course, if there is only one winner, then there is no
need to provide such a proof.

Poker has a rigid"round robin" ordering of bids, which contributes
a great deal to the strategy of play. To see this, consider playing
a game in which the order of bids was not constrained in this way.

The value of the thing to be bid on objectively increases with every
bid, in poker. There is no risk that what you bid on will be worth
less than your bid (if you win), but there *is* a risk that you will
need to surrender your bid if you lose.

Interestingly, you can play "poker" with different valuing functions
for determining the best hand. A fun example I came up with is
using the hand-valuing function of cribbage as the basis of the game.
Whoever has the best cribbage hand of those who stayed on to
the end would win the pot. Oddly, some friends I sprang this on
declined to play.
Back to top
View user's profile Send private message Visit poster's website
Visit the Instant Postcard Collection @ http://instant-postcard-collection.com
Looking for postcards of that favorite place? Family origins? Or that perfect vacation, except for the photos?
Researching your dissertation? Serious collector? Just looking for something neat?
You've found the right place to add to your existing collection, or to start a new one.
Display posts from previous:   
Post new topic   Reply to topic    You-Read-It-Here-First Forum Index -> Poker as metaphor All times are GMT - 8 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum


Powered by phpBB © 2001, 2005 phpBB Group