Backwards induction in the centipede game
Analysis, vol. 59, no. 4, 1999, pp. 237–242
Abstract
In centipede games, the backwards induction argument is valid and leads to the conclusion that the game will end at the first move.
Analysis, vol. 59, no. 4, 1999, pp. 237–242
In centipede games, the backwards induction argument is valid and leads to the conclusion that the game will end at the first move.