Games sequential moves-game played b/w pitcher and batter, Game Theory

Assignment Help:

Problem: Consider a (simplified) game played between a pitcher (who chooses between throwing a fastball or a curve) and a batter (who chooses which pitch to expect). The batter has an advantage if he guesses the pitch that is actually thrown. This is a constant-sum game, where the payoff is measured by the probability that the batter will get a base hit (a high probability of a hit is good for the batter and bad for the pitcher).


If a pitcher throws a fastball, and the batter guesses fastball, the probability of a hit is 0.300.
If the pitcher throws a fastball, and the batter guesses curve, the probability of a hit is 0.200.
If the pitcher throws a curve, and the batter guesses curve, the probability of a hit is 0.350.
If the pitcher throws a curve, and the batter guesses fastball, the probability of a hit is 0.150.


(a) Suppose that the pitcher is “tipping” his pitches (tipping means that the pitcher is holding the ball, positioning his body, or doing something else in a way that reveals to the opposing team which pitch he is going to throw). For our purposes, this means that the pitcher-batter game is now a sequential game in which the pitcher announces his pitch choice before the batter has to choose his strategy.


(b) Suppose that the pitcher knows he is tipping his pitches but can’t stop himself from doing so. Thus, the pitcher and batter are playing the game you just drew. Find the rollback equilibrium of this game.


(c) Now change the timing of the game, so that the batter has to reveal his action (perhaps by altering his batting stance) before the pitcher chooses which pitch to throw. find the rollback equilibrium.


Solution:

 (b) Pitcher throws a fastball; batter guesses fastball.

(c) Batter guesses curve; pitcher throws a fastball



Related Discussions:- Games sequential moves-game played b/w pitcher and batter

Ring, A collection of colluding bidders. Ring members comply with rig bids ...

A collection of colluding bidders. Ring members comply with rig bids by agreeing to not bid against one another, either by avoiding the auction or by putting phony (phantom) bids

Find the perfect sub game nash equilibrium, Suppose that the incumbent mono...

Suppose that the incumbent monopolist, in the previous question, can decide (before anything else happens) to make an irreversible investment in extra Capacity (C), or Not (N). If

Extraneous estimates, Extraneous Estimates If some parameters are identi...

Extraneous Estimates If some parameters are identified, while others are not and there exists information on their value from other (extraneous) sources, the researcher may pro

Deadlock , Description The simplest of William Poundstone's social dilem...

Description The simplest of William Poundstone's social dilemmas during which the every player contains a dominant strategy and also the equilibrium is Pareto optimal. the sole

Combining simultaneous and sequential moves, Combining Simultaneous and...

Combining Simultaneous and  Sequential Moves The material in this chapter covers a variety of issues that require some knowledge of the analysis of both sequential- move

Application to strategic management, Game Theory has evolved since its orig...

Game Theory has evolved since its origins as an idea exercise for educational mathematicians. Taught in prime business faculties, economics departments, and even military academies

Hawk-dove game , Scenario The hawk-dove game is additionally commonly ca...

Scenario The hawk-dove game is additionally commonly called the sport of chicken. 2 hooligans with one thing to prove drive at one another on a slender road. The primary to swer

Game theory equilibrium exercise, Exercise 1 a) Pure strategy nash equi...

Exercise 1 a) Pure strategy nash equilibrium in this case is Not Buy, bad ( 0,0) as no one wants to deviate from this strategy. b) The player chooses buy in the first perio

Explain the financial system terms definitions, Explain the financial syste...

Explain the financial system terms definitions. The Financial System Definitions: Wealth It is sum of Current Savings and Accumulated Savings Financial asset P

Games with sequential moves:rollback equilibrium, Rollback shows that Boein...

Rollback shows that Boeing chooses peace over war if Airbus enters, so Airbus will enter. Rollback equilibrium entails Airbus playing “Enter” and Boeing playing “Peace if entry”; e

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd