Umbhauer, Gisèle - In: Revue Économique 42 (1991) 6, pp. 1089-1110
[eng] Asynmetric information and principles of induction . . The backward induction principle, which requires that the best present actions are deduced from the best future actions, is well known in game theory. This principle is however not in line with our perception of time development, and...