Backward Induction is not Robust: The Parity Problem and the Uncertainty Problem.

A cornerstone of game theory is backward induction, whereby players reason backward from the end of a game in extensive form to the beginning in order to determine what choices are rational at each stage of play. Truels, or three-person duels, are used to illustrate how the outcome can depend on (1) the evenness/oddness of the number of rounds (the parity problem) and (2) uncertainty about the endpoint of the game (the uncertainty problem).

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Year of publication:	1996
Authors:	Kilgour, D.M. ; Brams, S.J.
Institutions:	C.V. Starr Center for Applied Economics, Department of Economics
Subject:	UNCERTAINTY \| GAME THEORY \| GAMES

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	28 pages
Classification:	C70 - Game Theory and Bargaining Theory. General ; C73 - Stochastic and Dynamic Games ; C79 - Game Theory and Bargaining Theory. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005605739