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 |
|---|---|
| Pages (from-to) | 6-19 |
| Number of pages | 14 |
| Journal | Games and Economic Behavior |
| Volume | 8 |
| Issue number | 1 |
| DOIs | |
| State | Published - 1995 |