Rationality and backward induction

Journal of Economic Methodology 4 (1):23-41 (1997)
This paper uses the Centipede Game to criticize formal arguments that have recently been offered for and against backward induction as a rationality principle. It is argued that the crucial issues concerning the interpretation of counterfactuals depend on contextual questions that are abstracted away in current formalisms. I have a text, it always is the same, And always has been, Since I learnt the game. Chaucer, The Pardoner's Tale
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DOI 10.1080/13501789700000002
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Ken Binmore (2013). Sexual Drift. Biological Theory 8 (2):201-208.

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Cristina Bicchieri (1988). Backward Induction Without Common Knowledge. PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1988:329 - 343.
Joe Mintoff (1999). Decision-Making and the Backward Induction Argument. Pacific Philosophical Quarterly 80 (1):64–77.

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