Economics in Poker

Essay specific features

 

Issue:

Social Issues

 

Written by:

Karen M

 

Date added:

February 2, 2011

 

Level:

 

Grade:

B

 

No of pages / words:

1 / 216

 

Was viewed:

4756 times

 

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Essay content:

This person could have been doing something more important, and using his time more wisely. Although the player may derive utility from the game at certain points, overall, this person derives disutility because they are suffering a loss in the long run. This cycle continues until all players are eliminated except for the final one who benefits from all of the chips...
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This player derives great utility from the game because they are turning in a profit. The person who wins the game was a great entrepreneur in the sense that he did turn in a profit on the game. The labor put in from this person was a good economic decision, because they benefited in the long run. This person may now use their earned money, and derive utility from some other thing that they buy...
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