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Jane Street's Figgie card game

figgie.com

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Re: Jane Street's Figgie card game

#11

Post by pclmulqdq »

dmurray wrote: post #8

This game seems like it shouldn't work playing one-off games with no money on the line. How do you win in that context - by ending up with the most money at the end of the game? That would change the gameplay very significantly - a strategy that has you end with $1000 one time in three and 0 the rest should be favoured over one where you end up with $300 every time. Poker solves this with poker tournaments: everyone…

It's Jane Street. If two people haven't played this game for $10,000, I would be very surprised.

Re: Jane Street's Figgie card game

#12

Post by philipwhiuk »

dmurray wrote: post #8

This game seems like it shouldn't work playing one-off games with no money on the line. How do you win in that context - by ending up with the most money at the end of the game? That would change the gameplay very significantly - a strategy that has you end with $1000 one time in three and 0 the rest should be favoured over one where you end up with $300 every time. Poker solves this with poker tournaments: everyone…

I would bet that at Jane Street they absolutely do put money on the line when playing internally.

Re: Jane Street's Figgie card game

#13

Post by xrd »

lewiscarson wrote: post #6

There is a fantastic blog post by Ross Rheingans-Yoo about the shortcomings of poker as a tool to teach trading and why Figgie is a better one. https://blog.rossry.net/figgie/ He also wrote an equally brilliant eulogy about Max Chiswick, one of his colleagues, who helped him develop it. https://blog.rossry.net/chisness/

My god that eulogy post is a work of art. What incredible writing and what an incredible albeit brief friendship they had.

Re: Jane Street's Figgie card game

#14

Post by philipwhiuk »

pclmulqdq wrote: post #11
dmurray wrote: post #8

This game seems like it shouldn't work playing one-off games with no money on the line. How do you win in that context - by ending up with the most money at the end of the game? That would change the gameplay very significantly - a strategy that has you end with $1000 one time in three and 0 the rest should be favoured over one where you end up with $300 every time. Poker solves this with poker tournaments: everyone…

It's Jane Street. If two people haven't played this game for $10,000, I would be very surprised.

Their version of Liar's Poker.

Re: Jane Street's Figgie card game

#15

Post by philipwhiuk »

vessenes wrote: post #3

Love this. I’d really like to play with real cards, but the uneven suit setup makes that tough as a party game unless the host sits out. I guess you could prepare a bunch of decks ahead of time. At 4 minutes a round you’d need maybe 10 decks for an hour of playing though. To even it out I guess you’d have 12? But that means you’d have more info about what’s likely in later rounds.. Hmm. Maybe I can nerd snipe some in…

Person 1 enters the room, makes a bunch of decks and puts them in boxes. Leaves the room.

Person 2 enters the room, shuffles the boxes, leaves the room.

Person 1 re-enters the room and picks a box.

Re: Jane Street's Figgie card game

#16

Post by dfxm12 »

dmurray wrote: post #8

This game seems like it shouldn't work playing one-off games with no money on the line. How do you win in that context - by ending up with the most money at the end of the game? That would change the gameplay very significantly - a strategy that has you end with $1000 one time in three and 0 the rest should be favoured over one where you end up with $300 every time. Poker solves this with poker tournaments: everyone…

A single hand of poker without wagering makes no sense at all.

There are a lot of variations of poker. Playing single hands of, for example, five card draw makes sense without wagering.

Re: Jane Street's Figgie card game

#17

Post by thehappyfellow »

dmurray wrote: post #8

This game seems like it shouldn't work playing one-off games with no money on the line. How do you win in that context - by ending up with the most money at the end of the game? That would change the gameplay very significantly - a strategy that has you end with $1000 one time in three and 0 the rest should be favoured over one where you end up with $300 every time. Poker solves this with poker tournaments: everyone…

You should play a lot of hands, or organise a tournament, for Figgie to really make sense. It's fun but I prefer to play in person.

Re: Jane Street's Figgie card game

#18

Post by liveoneggs »

vessenes wrote: post #3

Love this. I’d really like to play with real cards, but the uneven suit setup makes that tough as a party game unless the host sits out. I guess you could prepare a bunch of decks ahead of time. At 4 minutes a round you’d need maybe 10 decks for an hour of playing though. To even it out I guess you’d have 12? But that means you’d have more info about what’s likely in later rounds.. Hmm. Maybe I can nerd snipe some in…

make a bunch of decks from identical standard decks (all blue or all red) and then just mix up the boxes?
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