Suppose that the Carolina Panthers and the New England Patriots football teams are in the fourth quarter of a game with

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Suppose That The Carolina Panthers And The New England Patriots Football Teams Are In The Fourth Quarter Of A Game With 1 (237.28 KiB) Viewed 17 times

Suppose that the Carolina Panthers and the New England Patriots football teams are in the fourth quarter of a game with seconds left on the clock. There is enough time left for one last play. The score is Panthers 12 and the Patriots 17. The Patriots have the ball on the Patriots 8-yard line. New England must score a touchdown for 6 points to win. Each side must decide its final play. The four strategy profiles for this static game are (Pass defense, Pass offense), {Pass defense, Run offense), (Run defense, Pass offense), and {Run' defense, Run offense). The respective (Panthers, Patriots) probabilities of win- ning are (65, 35), (27, 73), (74, 26), and (30, 70). a. Does either team have a dominant strategy? b. Does this game have a Nash equilibrium? c. What is the strategy profile if teams both adopt a maximin strategy? a.