Game theory: Optimal Strategy. Need help with a system of equations.

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SUMMARY

The discussion centers on solving a system of equations derived from a modified Rock, Paper, Scissors payout table, specifically from "The Mathematics of Poker." The equations presented are -b+c, a-2c, and -a+2b, leading to the conclusion that a=2b=2c. The user seeks clarification on how to derive this solution, noting that the book lacks detailed explanations. The conversation highlights the need for understanding derivatives and expected value (EV) equations in the context of game theory.

PREREQUISITES
  • Understanding of basic algebra and systems of equations
  • Familiarity with game theory concepts, particularly in relation to Rock, Paper, Scissors
  • Knowledge of expected value (EV) calculations in gaming contexts
  • Basic understanding of derivatives and their applications in mathematical modeling
NEXT STEPS
  • Study the derivation of solutions for systems of equations in game theory
  • Learn about expected value (EV) calculations in poker and similar games
  • Explore the application of derivatives in optimizing strategies in game theory
  • Read "The Mathematics of Poker" for deeper insights into mathematical strategies in gaming
USEFUL FOR

This discussion is beneficial for mathematicians, game theorists, poker players, and anyone interested in applying mathematical concepts to strategic decision-making in games.

morrowcosom
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This problem is not schoolwork, it is from "The Mathematics of Poker". I have three equations based off a 3x3 Rock, Paper, Scissors payout table where winning with scissors is given a +2 payout instead of +1.


Homework Statement


Find the solution to the system of equations


Homework Equations


-b+c
a-2c
-a+2b


The Attempt at a Solution


a=2b=2c
*This answer is stated in the book, but I do not know how the answer arrived from
the system of equations, as the book does not explain the mathematics.

It looks like this is dealing with derivatives,
but I have not worked with those.

Could somebody explain how the answer was computed?

Thanks for the help,
I want to solve more games
 
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I found this reference that goes through the analysis of making the payout matrix and reducing it to what you have which may help.

http://en.donkr.com/forum/modeling-poker---part-2-537213
 
I just do not know how to compute that reduced system of equations that I have into the correct answer. The actual math is beyond me.

On the poker website, he is using simple EV equations, but the answer in the book for my game comes out looking like it came from some other process.

That author you pulled up has some really heady stuff on optimal play in poker (some of which I use), but ironically, I was just trying to use the simpler examples in my book to help me solve simpler day to day things with game theory for fun.
 
Question: A clock's minute hand has length 4 and its hour hand has length 3. What is the distance between the tips at the moment when it is increasing most rapidly?(Putnam Exam Question) Answer: Making assumption that both the hands moves at constant angular velocities, the answer is ## \sqrt{7} .## But don't you think this assumption is somewhat doubtful and wrong?

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