In Poker there is a saying, „Play a player, not the cards“. In the age of high compute throughput and almost infinite data access and data storage, one has to wonder if you have any advantage in playing the financial markets. And not just you, but also any professional advisor or money manager. What is the advantage they have if everyone has the access to same informational and computing resources?
One discipline that has been here for millennia is game theory. Game theory is trying to explain the story of participants and the way they make their calculated decisions. Rather than studying how you can count the cards, you study how to read the people (making decisions) who deal with the cards they have not knowing what cards they have (informational constraints).
