The authors provide an epistemic analysis of forward induction in games with complete and incomplete information. They suggest that forward induction 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.
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Paper provided by European University Institute in its series Economics Working Papers with number
eco99/15.
Length: 56 pages Date of creation: 1999 Date of revision: Handle: RePEc:eui:euiwps:eco99/15
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Find related papers by JEL classification: D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
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