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Backward induction and common knowledge of rationality

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  • Aumann, Robert J.

Abstract

We formulate precisely and prove the proposition that if common knowledge of rationality obtains in a game of perfect information, then the backward induction outcome is reached. Journal of Economic Literatur Classification Numbers: C72 D81.

Suggested Citation

  • Aumann, Robert J., 1995. "Backward induction and common knowledge of rationality," Games and Economic Behavior, Elsevier, vol. 8(1), pages 6-19.
    • Handle: RePEc:eee:gamebe:v:8:y:1995:i:1:p:6-19
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    References listed on IDEAS

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