What is larry optimal strategy in the first round

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Reference no: EM133298839

Topic: Three antagonists, Larry, Moe and Curly are engaged in a three-way duel. There are two rounds. In the first round, each player is given one shot: first Larry, then Moe and then Curly. After the first round, any survivors are given a second shot, again beginning with Larry, then Moe and then Curly. For each duelist, the best outcome is to be the sole survivor. Next best is to be one of two survivors. In third place is the outcome in which no one is killed. Dead last is that you get killed Larry is a poor shot, with only 30% chance of hitting a person at whom he aims. Moe is a much better shot, achieving 80% accuracy. Curly is a perfect shot - he never misses.

Question 1: What is Larry's optimal strategy in the first round?

Question 2: Who has the greatest chance of survival in this problem?

Question 3: What learning can be applied in business? Give a real-life business case to explain

Reference no: EM133298839

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