The Sharks major league baseball team is going to enter the free agent market over the winter

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The Sharks major league baseball team is going to enter the free agent market over the winter to sign a new starting pitcher. They have five prospects that will enter the free agent market that they are considering. All five pitchers are in their mid-twenties, have been in the major leagues for approximately five years, and have been relatively successful. The team's general manager has compiled a lot of information about the pitchers from scouting reports and their playing histories since high school. He has developed a chart projecting how many wins each pitcher will likely have during the next 10 years given three possible future states of nature€”that the pitchers will be relatively injury free, they will have a normal career with injuries, or that they will have excessive injuries, as shown in the following payoff table:

The Sharks major league baseball team is going to enter

Determine the best pitcher to sign, using the following decision criteria:
a. Maximax
b. Maximin
c. Equal likelihood
d. Hurwicz (α=.35)

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