Generalized Backward Induction: Justification for a Folk Algorithm
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DOI: 10.3390/g10030034
Abstract: I introduce axiomatically infinite sequential games that extend Kuhn’s classical framework. Infinite games allow for (a) imperfect information, (b) an infinite horizon, and (c) infinite action sets. A generalized backward induction (GBI) procedure is defined… read more here.
Keywords: infinite games; generalized backward; induction justification; justification folk ... See more keywords