In game theory, games among strategic players that continue over time can often be solved by “backward induction”: Look at the outcome at the last stage of the game to figure out whether the players ...

Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

In this paper, two different theoretical problems of induction are delineated. The first problem is addressed; the second problem is deferred to the sequel to this paper. The first problem of ...

In game theory, games among strategic players that continue over time can often be solved by “backward induction”: Look at the outcome at the last stage of the game to figure out whether the players ...