3. (30 pts) Baseball, Alex a Consider the situation where there are 2 dominant s

Question

3. (30 pts) Baseball, Alex a Consider the situation where there are 2 dominant sluggers in Major League th nd Ba rry. Each is trying to increase his legacy to be among the greatest all time. Their decision to use performance enhancing drugs (PEDs) depen er players use of PEDs. Their payoffs are given in the payoff matrix below magnitude of the numbers show the payo a higher payoff ff for each player, where a higher number denotes Barry Don't Use PEDS Use PEDS Don't Use PEDS (10,10) (6,12) et (12,6) (8,8) Use PEDs Describe Barry's strategy. Be as clear as possible by using numbers in the table. In yc answer be sure to explain the concept of the strategy

Explanation / Answer

Barry's optimal strategy is to always use PEDs whatever be Alex's strategy. If Alex chooses not to use Peds, Barry's best response is to use PEDs as it gives him a higher payoff(12>10) and. If Alex uses PEDs, still Barry is better off if it goes for PEDs (8>6).

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