Backward Induction versus Forward Induction Reasoning
نویسندگان
چکیده
منابع مشابه
Backward Induction versus Forward Induction Reasoning
In this paper we want to shed some light on what we mean by backward induction and forward induction reasoning in dynamic games. To that purpose, we take the concepts of common belief in future rationality (Perea, 2010) and extensive form rationalizability (Pearce, 1984; Battigalli, 1997; Battigalli, Siniscalchi, 2002) as possible representatives for backward induction and forward induction rea...
متن کاملBackwards Induction versus Forward Induction Reasoning
In this paper we want to shed some further light on what we mean by backwards induction and forward induction reasoning in dynamic games. To that purpose, we take the concepts of common belief in future rationality (Perea (2010)) and extensive form rationalizability (Pearce (1984), Battigalli (1997), Battigalli and Siniscalchi (2002)) as possible representatives for backwards induction and forw...
متن کاملForward induction reasoning revisited
Battigalli and Siniscalchi (2002) formalize the idea of forward induction reasoning as “rationality and common strong belief of rationality” (RCSBR). Here we study the behavioral implications of RCSBR across all type structures. Formally, we show that RCSBR is characterized by a solution concept we call extensive form best response sets (EFBRS’s). It turns out that the EFBRS concept is equivale...
متن کاملContext-Dependent Forward Induction Reasoning
This paper studies the case where a game is played in a particular context. The context influences what beliefs players hold. As such, it may affect forward induction reasoning: If players rule out specific beliefs, they may not be able to rationalize observed behavior. The effects are not obvious. Context-laden forward induction may allow outcomes precluded by context-free forward induction. A...
متن کاملStrong Belief and Forward Induction Reasoning
We provide a unified epistemic analysis of some forward-induction solution concepts in games with complete and incomplete information. We suggest that forward induction reasoning may be usefully interpreted as a set of assumptions governing the players’ belief revision processes, and define a notion of strong belief to formalize these assumptions. Building on the notion of strong belief, we pro...
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ژورنال
عنوان ژورنال: Games
سال: 2010
ISSN: 2073-4336
DOI: 10.3390/g1030168