Penalty Shootouts and Game Theory
Tonight’s the night of the Champions League final between Bayern Munich and Borussia Dortmund. Sometimes a final can be decided by the penalty shootouts lottery, like last year’s final won by Chelsea. Funny enough in the Moscow final of 2008, Chelsea played the final against Manchester Utd. They used a study by an economist, which was based on Game Theory to define the best strategy to play during the penalties..well, Chelsea lost in 2008 and won last year, probably without relying on GT in the latter case..should Bayern and Borussia have a look at this?