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The evolution of the game of baccarat
| Content Provider | Semantic Scholar |
|---|---|
| Author | Lee, Jiyeon |
| Copyright Year | 2013 |
| Abstract | The casino game of baccara chemin de fer is a bimatrix game, not a matrix game, because the house collects a five percent commission on Banker wins. We generalize the game, allowing Banker’s strategy to be unconstrained and assuming a 100α percent commission on Banker wins, where 0 ≤ α < 2/5. Assuming for simplicity that cards are dealt with replacement, we show that, with one exception at α = α0 ≈ 0.140705, there is a unique Nash equilibrium, and we evaluate it. Player’s equilibrium mixed strategy depends explicitly on α, whereas Banker’s equilibrium mixed strategy depends only on whether α < α0 or α > α0. AMS 2010 subject classification: Primary 91A05; secondary 91A60. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://pdfs.semanticscholar.org/e9a5/4160d114b5338c4616279a925d6b181e523d.pdf |
| Alternate Webpage(s) | https://arxiv.org/pdf/1308.1481v2.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | ABLEPHARON-MACROSTOMIA SYNDROME Existential quantification Kind of quantity - Equilibrium Nash equilibrium VHDL-AMS |
| Content Type | Text |
| Resource Type | Article |
