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When Backward Induction Works—and Doesn’t

The strategy of backward induction starts at the last decision in a game and then reasons back to the beginning. Although this is an effective approach, it can produce strange results. Explore several examples, including a game created by Nobel Prize-winner Reinhard Selten. Learn why real players often resist using backward induction for a good reason, whether they realize it or not.

English
  • Runtime 30 minutes
  • Production Company The Great Courses
  • Created March 13, 2023 by
    Mandarin7584
  • Modified March 13, 2023 by
    Mandarin7584