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Infinite “Backward” Induction Arguments
Pacific Philosophical Quarterly, 1999A large family of paradoxical arguments have been subsumed under the label “backward induction arguments”. These include the iterated prisonerÃs dilemma, the centipede game, and the surprise test paradox. They are described as backward because they begin by considering a future hypothetical alternative, rule it out, and then rule out each predecessor.
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Backward induction and unacceptable offers
Journal of Mathematical Economics, 2014zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Houba, H.E.D., Wen, Q.
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Skills, Complexity, and Backward Induction
SSRN Electronic Journal, 2019In this paper we study why people fail at backward induction. To this end, we conducted a mobile experiment consisting of 27 games. Our sample includes 6,677 subjects from over 100 countries. Data indicates that low subjects' skills and high complexity of games are behind the violations of backward induction.
Konrad Grabiszewski, Alex R. Horenstein
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Forward Induction in a Backward Inductive Manner [PDF]
We propose a new rationalizability concept for dynamic games with imperfect information, forward and backward rationalizability, that combines elements from forward and backward induction reasoning. It proceeds by applying the forward induction concept of strong rationalizability (also known as extensive-form rationalizability) in a backward inductive ...
Meier, Martin, Perea, Andres
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Games and Economic Behavior, 1996
This note argues that the rationality of backward induction necessarily involves the study of counterfactuals.
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This note argues that the rationality of backward induction necessarily involves the study of counterfactuals.
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Backward Induction without Common Knowledge
PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association, 1988Game theory studies the behavior of rational players in interactive situations and its possible outcomes. For such an investigation, the notion of players’ rationality is crucial. While notions of rationality have been extensively discussed in game theory, the epistemic conditions under which a game is played — though implicitly presumed — have seldom ...
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On the backward induction method
Economics Letters, 1999zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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The Logic of Backwards Inductions
Economics and Philosophy, 2000Backwards induction is an intriguing form of argument. It is used in a number of different contexts. One of these is the surprise exam paradox. Another is game theory. But its use is problematic, at least sometimes. The purpose of this paper is to determine what, exactly, backwards induction is, and hence to evaluate it.
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