↑ how often you call
100%50%0%
← you foldyou call →
↑ they stop bluffing↓ they bluff more
equilibrium
0%33%60%
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One spot, two players. They bet $100 into a $100 pot, with strong hands or bluffs. You call or fold.
One spot, two players. They bet $100 into a $100 pot, with strong hands or bluffs. You call or fold.
A Nash equilibrium is a pair of strategies where neither player gains by changing their own, as long as the other keeps theirs.
"Game theory optimal" means playing your side of an equilibrium. It can’t be exploited, but it also doesn’t punish mistakes as hard as a strategy built for one opponent.