Is Batting Last an Advantage?
AbstractThis paper applies the theory of zero-sum stochastic games to assess the validity of baseball's ancient wisdom that batting last confers a strategic advantage. Results from numerical calculation of Markov perfect equilibrium suggest that the team that bats last will have an advantage if in fact the offense has, in some sense, more useful strategic actions available than the defense. An example is provided where the advantage depends on details of the teams playing. Regardless of which team has the advantage, all calculations indicate the advantage is negligible in magnitude.
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Bibliographic InfoPaper provided by EconWPA in its series Game Theory and Information with number 0309002.
Length: 24 pages
Date of creation: 04 Sep 2003
Date of revision:
Note: Type of Document - TeXmacs; prepared on Linux; to print on PostScript; pages: 24 ; figures: none
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zero-sum games; Markov perfect equilibrium; baseball;
Find related papers by JEL classification:
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
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