Axioms for Backward Induction
نویسندگان
چکیده
Following Kohlberg-Mertens [8, 1986], we investigate an axiomatic approach to non-cooperative solution concepts. A basic question in this program is identifying a backward-induction axiom (for general games). We show that three axioms—Existence, Rationality, and Difference—together characterize backward induction in perfect-information games satisfying a “single payoff condition.” We discuss implications for the axiomatic program.
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