Backward induction is the process of determining a sequence of optimal choices by reasoning from the endpoint of a problem or situation back to its beginning...

realistic. In dynamic games, backward induction can be used to eliminate unrealistic Nash equilibria. Backward induction assumes that players are rational...

(simpler) subgames to find a solution to the game, in a process called backward induction. In chess, it is called retrograde analysis, and it is used to generate...

introductory game theory courses and texts to highlight the concept of backward induction and the iterated elimination of dominated strategies, which show a...

Word-sense induction Backward induction in game theory and economics Induced representation, in representation theory Mathematical induction, a method...

game therefore backward induction does not provide the minmax theorem in this game. Backward induction is a process of reasoning backward in time. It is...

rules of arithmetic but employs the rarely used technique of forward-backward-induction. It is essentially from Augustin Louis Cauchy and can be found in...

Well-Ordering" (PDF). York University. Retrieved 28 May 2023. "Forward-Backward Induction | Brilliant Math & Science Wiki". brilliant.org. Retrieved 23 October...

is backward induction, where one starts by analyzing the last actions the final mover should take to maximize his/her utility and works backward. While...

{\displaystyle X} . Muddy children puzzle can also be solved using backward induction from game theory. Muddy children puzzle can be represented as an extensive...

that might arise. The standard solution technique for such games is backward induction, where players reason from the end of the game toward the beginning...

complete game tree can be generated, a deterministic algorithm, such as backward induction or retrograde analysis can be used. Randomized algorithms and minmax...

between two compelling strategies: the logically sound approach of backward induction prescribed by classical game theory, and the intuitively appealing...

often been motivated by arguments for admissibility, backward induction, and forward induction. In a two-player game, an admissible decision rule for...

such games, a subgame perfect equilibrium can be determined through backward induction, a process of working from the end of the game back to the start to...

decision tree. To solve any extensive form game, backward induction must be used. It involves working backward up the game tree to determine what a rational...

Tragedy of the commons Uncorrelated asymmetry Equilibrium Concepts Backward induction Bayes correlated equilibrium Bayesian efficiency Bayesian game Bayesian...

stage game equilibrium in each round. This can be deduced through backward induction. The unique stage game Nash equilibrium must be played in the last...

solution concept. Mertens stable equilibria satisfy both forward induction and backward induction. In a game theory context stable equilibria now usually refer...

perfect information for which the equilibrium can be found through backward induction. Several papers have solved the optimal strategy for particular spin...

Tragedy of the commons Uncorrelated asymmetry Equilibrium Concepts Backward induction Bayes correlated equilibrium Bayesian efficiency Bayesian game Bayesian...

equilibria that rely on non-credible threats can be eliminated through backward induction; the remaining equilibria are called subgame perfect Nash equilibria...

find viable strategies. In dynamic games with complete information, backward induction is the solution concept, which eliminates non-credible threats as...

Tragedy of the commons Uncorrelated asymmetry Equilibrium Concepts Backward induction Bayes correlated equilibrium Bayesian efficiency Bayesian game Bayesian...

every subgame, that players have no incentive to deviate from. Using backward induction, we see that in the final stage, the responder will always accept...

nodes at the highest move-depth is precisely the tree-complexity). Backward induction will use both memory and time proportional to the state-space complexity...

explained below. When solving dynamic optimization problems by numerical backward induction, the objective function must be computed for each combination of values...

Tragedy of the commons Uncorrelated asymmetry Equilibrium Concepts Backward induction Bayes correlated equilibrium Bayesian efficiency Bayesian game Bayesian...

Tragedy of the commons Uncorrelated asymmetry Equilibrium Concepts Backward induction Bayes correlated equilibrium Bayesian efficiency Bayesian game Bayesian...

and Backward Induction", Journal of Economic Methodology, 4, 1997 With J. McCarthy, G. Ponti, A. Shaked and L. Samuelson, "A Backward Induction Experiment...