Journal article
Model-based decision and inference in stud poker
Journal of experimental psychology. General, Vol.105(3), pp.217-239
09/1976
DOI: 10.1037/0096-3445.105.3.217
Abstract
Three experiments examined how a poker player's models or mental representations of the game influence his or her play in a modified version of 5-card stud. In Exp I, experienced poker players judged the likelihood of beating pairs of poker hands each described by the upcards in the hand, the amount bet on the hand by the opponent, and the playing style of the opponent. Results indicate that the subjective likelihood of beating a pair of poker hands is a multiplicative function of the subjective likelihoods of beating each of the hands individually and that Ss bet proportionally to their subjective likelihood of winning. Exps II and III examined the evaluation mechanisms through which Ss combine information to arrive at the subjective likelihood of beating a particular hand. These mechanisms include assessing the objective threat of upcards, combining this with information from opponents bets, and discounting for possible opponent bluffs. Results show a nonmonotonic relationship between the amount of the bet and the objective threat of the upcards and support an averaging rule for 2 of 7 Ss and an adding rule for the other 5 Ss. (38 ref)
Details
- Title: Subtitle
- Model-based decision and inference in stud poker
- Creators
- Lola L Lopes - U Wisconsin, Madison
- Resource Type
- Journal article
- Publication Details
- Journal of experimental psychology. General, Vol.105(3), pp.217-239
- DOI
- 10.1037/0096-3445.105.3.217
- ISSN
- 0096-3445
- eISSN
- 1939-2222
- Publisher
- American Psychological Association
- Number of pages
- 23
- Language
- English
- Date published
- 09/1976
- Academic Unit
- Management and Entrepreneurship ; Psychological and Brain Sciences
- Record Identifier
- 9984963102102771
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