@booklet {itaiarieli-tlobi2013,
	title = {Logic of Backward Induction, The},
	howpublished = {Discussion Papers},
	year = {2013},
	month = {11},
	abstract = {The logic of backward induction (BI) in perfect information (PI) games has been intensely scrutinized for the past quarter century. A major development came in 2002, when P. Battigalli and M. Sinischalchi (BS) showed that an outcome of a PI game is consistent with common strong belief of utility maximization if and only if it is the BI outcome. Both BS{\textquoteright}s formulation, and their proof, are complex and deep. We show that the result continues to hold when utility maximization is replaced by a rationality condition that is even more compelling; more important, the formulation and proof become far more transparent, accessible, and self-contained.},
	url = {/files/db652.pdf},
	author = {Itai Arieli, Robert J. Aumann}
}
