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National Repository of Grey Literature 1 records found  Search took 0.00 seconds. 
Game Theory and poker
 Petrus, Ján ; Bartoň, Petr (advisor) ; Koubek, Ivo (referee)
Society regards still poker as a form of hazard but in fact it is a " game of skill". The game where one must make correct decisions and manage ones money. Luck plays no role in the long-term time frame of the game because players make rational choices similar to that reported in mutual transactions among economic entities. Bachelor's thesis focuses on impact of the game of poker to origin the Game Theory and summarizes the specific features of the game. It explains its use by founders of the Game Theory as a suitable model for solving strategic situation in zero-sum games. The second part describes role of poker in economic history to its current developments. Seeking answers to the questions associated with a wide-growing popularity of the game: why people are willing to play poker, why poker is trying to change a position of gambling game and be taken as a sport activity. In this part, I also have used the model of Friedman-Savage utility function to point out the motivation of profesional poker play to make a living through playing poker. The last part of the work deals with the development and expansion of online poker. It describes the regulation, security answers and legal obstacles which have been arisen by its dynamic development in the market in recent years.
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