Abstract
We formulate precisely and prove the proposition that if common knowledge of rationality obtains in a game of perfect information, then the backward induction outcome is reached. Journal of Economic Literatur Classification Numbers: C72 D81.
Original language | English |
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Pages (from-to) | 6-19 |
Number of pages | 14 |
Journal | Games and Economic Behavior |
Volume | 8 |
Issue number | 1 |
DOIs | |
State | Published - 1995 |