Deductive reasoning in extensive games

Geir B. Asheim, Martin Dufwenberg

Research output: Contribution to journalArticle

12 Citations (Scopus)

Abstract

We justify the application to extensive games of a model of deductive reasoning based on three key features: 'caution', 'full belief of opponent rationality', and 'no extraneous restrictions on beliefs'. We apply the model to several examples, and show that it yields novel economic insights. The approach supports forward induction, without necessarily promoting backward induction.

Original languageEnglish (US)
Pages (from-to)305-325
Number of pages21
JournalEconomic Journal
Volume113
Issue number487
DOIs
StatePublished - Apr 2003
Externally publishedYes

Fingerprint

Extensive games
Economics
Rationality
Forward induction
Backward induction

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Deductive reasoning in extensive games. / Asheim, Geir B.; Dufwenberg, Martin.

In: Economic Journal, Vol. 113, No. 487, 04.2003, p. 305-325.

Research output: Contribution to journalArticle

Asheim, Geir B. ; Dufwenberg, Martin. / Deductive reasoning in extensive games. In: Economic Journal. 2003 ; Vol. 113, No. 487. pp. 305-325.
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