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A note on backward induction

Binmore, K.G.; (1996) A note on backward induction. Games and Economic Behavior , 17 (1) pp. 135-137. 10.1006/game.1996.0098.

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This note argues that the rationality of backward induction necessarily involves the study of counterfactuals.

Type: Article
Title: A note on backward induction
DOI: 10.1006/game.1996.0098
Publisher version: http://dx.doi.org/10.1006/game.1996.0098
Language: English
Additional information: Reviews and Comments: this note questions the definition of rationality given in Aumann, R. (1995) ‘Backward Induction and Common Knowledge of Rationality,’ Games and Econ. Behav., 8, pp. 6-19
Keywords: C70
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/15635
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