INHOUD: MEI 1955 NO. 5

No . 1955 On Forward Induction Srihari Govindan

We examine Hillas and Kohlberg’s conjecture that invariance to the addition of payoff-redundant strategies implies that a backward induction outcome survives deletion of strategies that are inferior replies to all equilibria with the same outcome. That is, invariance and backward induction imply forward induction. Although it suffices in simple games to interpret backward induction as a subgame...

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