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

If players' beliefs are strictly nonadditive, the Dempster-Shafer updating rule can be used to define beliefs off the equilibrium path. We define an equilibrium concept in sequential two-person games ...

Globally, strategies and decisions taken by individual countries are not based on a perfect information scenario. In general, while individual jurisdictions and groups do not ignore the possible ...

The Journal of Finance, Vol. 40, No. 3, Papers and Proceedings of the Forty-Third Annual Meeting American Finance Association, Dallas, Texas, December 28-30, 1984 (Jul., 1985), pp. 863-878 (16 pages) ...