Quote:
If we accept the conventional wisdom that it is better to play LAG at
a table full of TAGs and vice versa, then there must be some equilibrium
distribution of LAGs and TAGs such that it does not benefit one to switch to
the other.
And what if we
don't accept this conventional wisdom?
It seems to me, for example, that the best exploitation of a LAGgy table is not TAG play but to be rather tighter than the rest of the players and
less aggressive. You want to be calling their airball-bets for value on the flop, turn, and river, for example; not raising them and pushing them off their airballs on the flop.