King of the Hill: Giving backward induction its best shot

Martin Dufwenberg, Matt Van Essen

Research output: Contribution to journalArticle

Abstract

We study a class of deceptively similar games, which however have different player sets and backward induction (BI) predictions that vary with their cardinality. The game-theoretic principles involved are compelling as predictions rely on weaker and less controversial epistemic foundations than needed to justify BI more generally. Are the BI predictions empirically relevant for this class of games? We design and report results from a relevant experiment.

Original languageEnglish (US)
Pages (from-to)125-138
Number of pages14
JournalGames and Economic Behavior
Volume112
DOIs
StatePublished - Nov 2018

Keywords

  • Backward induction
  • Experiment
  • Interactive epistemology
  • Player set cardinality

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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