Discussion
Why is bluffing rational in some games?
Answer: B
A player who bets only with strong hands is read easily, so occasionally betting with weak ones is necessary to make the strong bets profitable. The correct frequency follows from the equilibrium of the game. Individual hands may lose, the rules require nothing of the kind, and the opponent's uncertainty increases rather than decreases. That a locally losing action can be part of an optimal strategy is a result with no counterpart in single agent decision making.
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