mike and adam one of the better "mainstream" articles on poker a i have read... i would be interested in your comments on it if you get your hands on a copy
The latest New Yorker (Mar 30) has a decent article on Chris Ferguson, his history, game theory, and talk of the UIGEA/FTP and some other poker stuff, a decent read and not a bad essay on the skill argument front in popular reading, recommend picking it up if you get a chance.
"ABSTRACT: THE SPORTING SCENE about online poker and game theory. Game theory was conceptualized by John von Neumann, who published “Theory of Games and Economic Behavior,” in 1944, with Oskar Morgenstern. To diagram certain game-theory problems, von Neumann used hands of poker as examples. Nearly fifty years later, it occurred to an amiable U.C.L.A. graduate student named Chris Ferguson to apply game theory concepts to grand-master poker. Relying on them, in 2000, he became known as the first person to win a prize of more than a million dollars in a poker tournament. Ferguson was born in L.A. in 1963. His father, Tom, taught game theory at U.C.L.A., and he brought home specialized board games and card games and taught them to Chris and his older brother, Marc. At seventeen, Chris began making occasional trips to Las Vegas. From a fifty-two-card deck, 2,598,960 five-card hands are possible. The basis for most poker strategy is a ruthless notion: what can I discern about my opponent’s habits that I can attack? Such an approach is called “maximally exploitive.” It is the way nearly all professionals proceed. While he was still a student, Ferguson decided also to employ a method called “optimal strategy.” It means, when up against an expert opponent, “How do I lose the least?” Mentions Leonard Kleinrock. Since 2000, Ferguson has won more than seven million dollars playing poker, and that’s less, apparently, than what he’s earned as “something like the chairman of the board” of Tiltware, which developed and licensed the software for FullTiltPoker.com, where people play online poker, sometimes against Ferguson and other professionals, for money. According to HR Gambling Capital, the online poker business made about $3.8 billion last year. It’s not clear that any law governs online poker. By remaining open after the Safe Port Act of 2006 was passed, Full Tilt and Ferguson “made the best bet in the history of poker,” according to Steven Lipscomb. Ferguson believes that game theory protects him from making intuitive judgements that might fail or from being distracted by information that’s not necessarily germane. Mentions Andy Bloch. Thousands of men and women are believed to play poker for a living. In the 2008 World Series of Poker, Ferguson played poker ten hours a day for thirty-five days in a row. Describes a tournament held at the Bellagio."
http://www.newyorker.com/reporting/2...fact_wilkinson
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Last edited by Johnny Douglas; 04-20-2009 at 03:28 PM.
Reason: fixed URL.