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6. Suppose that there are two baseball players: Mark and Jose. At the start of their careers, they can either choose to use performance enhancing
6. Suppose that there are two baseball players: Mark and Jose. At the start of their careers, they can either choose to use performance enhancing drugs or not use performance enhancing drugs. Performance enhancing drugs can make you have a better career compared to someone that does not use the drugs, but there are some health considerations Consider the payoffs in the following table, what would be the dominant strategy for both players? Show how you came to this conclusion. hAark Don't use PEDs Use PEDs Jose Don't use PEDs (5,5) (10,1) Use PEDS (1,10) (3,3) Now consider that players consider the legality of taking the drugs as well as the health consideration. This adjusts the payoffs as marked in the following table. what would be the dominant strategy for both players? Show how you came to this conclusion. How did the consideration of legality change things? nAark Don't use PEDs Use PEDs Jose Don't use PEDs (5,5) (4,1) Use PEDS (1,4) (1,1) --Note that the payoff is being written as (Mark, Jose) in the tables
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