Tony and Larry Are Managers of Baseball Teams That Currently

question 49

Essay

Tony and Larry are managers of baseball teams that currently playing a game.It's late in the ballgame and Tony's team is currently winning and in the field.Tony's strategies are to bring in a right handed pitcher (RHP)or to bring in a left handed pitcher (LHP).Larry's strategies are to bring in a right handed pinch hitter (RPH)or to bring in a left handed pinch hitter (LPH).The pay-off matrix is in terms of winning (W)or losing (L)the game.Does either player have a dominant strategy? Does the game have a Nash equilibrium? What is the maximin strategy of each player in the game?

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