Backward induction is an iterative process of reasoning backward from the end of a problem or situation to solve finite extensive-form and sequential games and infer a sequence of optimal actions. It is used in game theory to determine the most optimal sequence of actions based on rational behavior.
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We examine whether, given payoff-interdependent preferences, players respect backward induction. To do this, we break backward induction into its components, ...
In order to assess backward induction, our analysis accordingly presumes rationality and examines issues of sub- game consistency and truncation consistency.
In order to assess backward induction, our analysis accordingly presumes rationality and examines issues of subgame consistency and truncation consistency. 3.
Backward induction involves examining the final point in a series of decisions and identifying the optimal process or action required to arrive at that point.
A Backward Induction Experiment by Ken Binmore. Ken Binmore Search for other works by this author on: This Site Google Scholar, John McCarthy.
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We examine whether, given payoff-interdependent preferences, players respect backward induction. To do this, we break backward induction into its components, ...
Sep 29, 2016 · We study a class of deceptively similar games, which however have dif- ferent player sets and predictions that vary with their cardinality.
This classroom experiment involves the Stackelberg Duopoly Mini-Game (SDMG). Two players, call them Leader and Follower decide sequentially how much to produce.
By K. Binmore, J. McCarthy, Giovanni Ponti and ...; A backward induction experiment.