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The Logic of Backwards Inductions

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  • Priest, Graham
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    Abstract

    Backwards induction is an intriguing form of argument. It is used in a number of different contexts. One of these is the surprise exam paradox. Another is game theory. But its use is problematic, at least sometimes. The purpose of this paper is to determine what, exactly, backwards induction is, and hence to evaluate it. Let us start by rehearsing informally some of its problematic applications.

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    Bibliographic Info

    Article provided by Cambridge University Press in its journal Economics and Philosophy.

    Volume (Year): 16 (2000)
    Issue (Month): 02 (October)
    Pages: 267-285

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    Handle: RePEc:cup:ecnphi:v:16:y:2000:i:02:p:267-285_00

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    Cited by:
    1. Basu, Kaushik & Becchetti, Leonardo & Stanca, Luca, 2008. "Experiments with the Traveler's Dilemma: Welfare, Strategic Choice and Implicit Collusion," Working Papers, Cornell University, Center for Analytic Economics 08-07, Cornell University, Center for Analytic Economics.
    2. Perea, Andrés, 2006. "Epistemic Foundations for Backward Induction: An Overview," Research Memorandum, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR) 036, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).

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