Re: Paradox of the wallet
If both players play sub-optimally w.r.t game theory.
Suppose, in a similar game, both players are randomly assigned a number between 1 and 10 assigned to them. They must independtly decide whether or not to put up an amount of cash to bet against the other persons number, highest wins. Both players always play 7,8,9,10. Both players are given a 9. They are both making +EV bets by agreeing to play, since they are both going to win more often than they lose. But of course they are both playing sub-optimal strategies, since they could both improve their game by not playing the 7, since it never wins. Then of course we only end up both players only playing the 10. Do you think they need a blind structure?
chaos
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