Re: Game Theory Quiz
It's normal to give cards in order. Ace is the low card? When this problem is presented in a game theory class the three cards given as high, mid(dle), and low. No chance for misunderstanding.
This is the key paragraph.
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You cannot win with the optimal strategy.
So the object of the game is not to play optimally. It is to spot the times when your
opponent is not playing optimally, or even to induce him not to play optimally, to recognize
the way in which he is deviating from optimality, and then to choose a non-optimal strategy
for yourself which capitalizes on his mistakes. You must play non-optimally in order to
win. To capitalize on your opponent's mistakes, you must play in a way that leaves you
vulnerable.
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