Britain will need China to survive the AI revolution
From our UK edition
Professional players of Texas hold ’em, the most popular variant of poker, go to great lengths to play a balanced, unexploitable strategy. They mix value bets and bluffs in every single hand. The bluffs are not usually to make money. They are there to stop other players adjusting profitably to the game. If another player over-folds to avoid losing to your value bets, only then do your bluffs go from break-even to hugely profitable. Against strong opponents, a balanced strategy is essential. National strategy likewise should strive for balance, particularly from the perspective of a weaker country.