Last year my grandfather introduced me to playing cards and ever since then I was hooked on the game. While some think playing cards is solely based on luck, others have come to appreciate the skill, concentration, and strategy of the game. After all, winning one tournament may be luck, but when you have people like Daniel Negreanu who have won 7 WSOP tournaments (at 8 million apiece), luck is no longer a factor at the card table. Whether you’re playing with your buds on a Friday night, or at the final table at the Rio in Vegas, the game is always a mixture of excitement, nervousness, and competitiveness. It is a feeling players love to hate. They hate having it, but they love wanting it. And that is a high I have come to chase. Like the adrenaline rush dare devils chase as they fling themselves over cliffs or launch themselves over jumps. Getting dealt a pair of aces is a high that no stunt can match.
At the end of this project, I want to uncover how poker players utilize the fundamentals of economics in order to be successful at the card table. I will be able to answer this because I have personally used the economic principals of varying cost and benefits to better my chances of winning hands.
In order to answer my overall question I will need to answer sub questions pertaining to the different economic principles that poker players actually use. For example I plan to answer questions like, “when do poker players reach a certain level of skill when they are able to utilize economics at the table”.
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