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4. 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
4. 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 payoff matrix is in terms of winning (W) or losing (L) the game. (10 pts.) Larry LPH RPH LHP W. L L , W RHP L. W W. L a. Does either player have a dominant strategy? Explain your answer. (5 pts.) b. Does the game have a Nash equilibrium? Explain your answer. (5 pts.)
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