Liar's Poker @Quantbase

​​Come meet the quant hedge fund side of tech week, over drinks and a social game of Liar's Poker. Dollars provided.

​

​"The Game: In Liar's Poker a group of people—as few as two, as many as ten—form a circle. Each player holds a dollar bill close to his chest. Each player attempts to fool the others about the serial numbers printed on the face of his dollar bill. One player begins by making 'a bid.'

​He says, for example, 'Three sixes.' He means that all told the serial numbers of the dollar bills held by every player, including himself, contain at least three sixes.

​Once the first bid has been made, the game moves clockwise in the circle. Let's say the bid is three sixes. The player to the left of the bidder can do one of two things. He can bid higher (there are two sorts of higher bids: the same quantity of a higher number [three sevens, eights, or nines] and more of any number [four fives, for instance]). Or he can 'challenge'—that is like saying, 'I doubt it.'

​The bidding escalates until all the other players agree to challenge a single player's bid. Then, and only then, do the players reveal their serial numbers and determine who is bluffing whom. In the midst of all this, the mind of a good player spins with probabilities.

​What is the statistical likelihood of there being three sixes within a batch of, say, forty randomly generated serial numbers? For a great player, however, the math is the easy part of the game. The hard part is reading the faces of the other players. The complexity arises when all players know how to bluff and double-bluff."

​

​Join us to network with founders, investors, traders, and creators at the intersection of traditional and modern finance. ​​Details provided with approved registration. We look forward to seeing you there!

This event is a part of NYC Tech Week - a week of events hosted by VCs and startups to celebrate the New York ecosystem!