Strong belief and forward induction reasoning. (Q1867531)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Strong belief and forward induction reasoning. |
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Strong belief and forward induction reasoning. (English)
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2 April 2003
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The authors provide a unified epistemic analysis of some forward-induction solution concepts in games with complete and incomplete information. They suggest that forward induction reasoning may be usefully interpreted as a set of assumptions governing the players' belief revision processes. They define a concept of strong belief and provide an epistemic characterization, and sufficient epistemic conditions for the backward induction outcome in generic games with perfect information.
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conditional belief
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strong belief
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forward induction
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rationalizability
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intuitive
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criterion.
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