Citation:
Winter, Dieter Balkenborg, and Eyal. “A Necessary And Sufficient Epistemic Condition For Playing Backward Induction”. Discussion Papers 1994. Web.
Abstract:
In an epistemic framework due to Aumann we characterize the minimal condition on the rationality of the players that implies backward induction in perfect information games in agent form. This condition requires each player to know that the players are rational at later, but not at previous decision nodes.