Theory and Decision 48 (1):61-84 (2000)
|Abstract||The backward induction argument purports to show that rational and suitably informed players will defect throughout a finite sequence of prisoner's dilemmas. It is supposed to be a useful argument for predicting how rational players will behave in a variety of interesting decision situations. Here, I lay out a set of assumptions defining a class of finite sequences of prisoner's dilemmas. Given these assumptions, I suggest how it might appear that backward induction succeeds and why it is actually fallacious. Then, I go on to consider the consequences of adopting a stronger set of assumptions. Focusing my attention on stronger sets that, like the original, obey the informedness condition, I show that any supplementation of the original set that preserves informedness does so at the expense of forcing rational participants in prisoner's dilemma situations to have unexpected beliefs, ones that threaten the usefulness of backward induction|
|Keywords||No keywords specified (fix it)|
|Through your library||Configure|
Similar books and articles
Joe Mintoff (1999). Decision-Making and the Backward Induction Argument. Pacific Philosophical Quarterly 80 (1):64–77.
Jordan Howard Sobel (1993). Backward-Induction Arguments: A Paradox Regained. Philosophy of Science 60 (1):114-133.
Magnus Jiborn & Wlodek Rabinowicz (2003). Reconsidering the Foole's Rejoinder: Backward Induction in Indefinitely Iterated Prisoner's Dilemmas. Synthese 136 (2):135 - 157.
Christian W. Bach & Conrad Heilmann (2011). Agent Connectedness and Backward Induction. International Game Theory Review 13 (2):195-208.
Luc Bovens (1997). The Backward Induction Argument for the Finite Iterated Prisoner’s Dilemma and the Surprise Exam Paradox. Analysis 57 (3):179–186.
John Broome & Wlodek Rabinowicz (1999). Backwards Induction in the Centipede Game. Analysis 59 (264):237–242.
Antonio Quesada (2002). Belief System Foundations of Backward Induction. Theory and Decision 53 (4):393-403.
Wlodek Rabinowicz (1998). Grappling With the Centipede: Defence of Backward Induction for BI-Terminating Games. Economics and Philosophy 14 (01):95-.
Steven J. Brams & D. Marc Kilgour (1998). Backward Induction Is Not Robust: The Parity Problem and the Uncertainty Problem. Theory and Decision 45 (3):263-289.
Thorsten Clausing (2003). Doxastic Conditions for Backward Induction. Theory and Decision 54 (4):315-336.
José Luis Bermúdez (1999). Rationality and the Backwards Induction Argument. Analysis 59 (4):243–248.
Cristina Bicchieri (1988). Backward Induction Without Common Knowledge. PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1988:329 - 343.
Ken Binmore (2011). Interpreting Knowledge in the Backward Induction Problem. Episteme 8 (3):248-261.
Michael Bacharach (1992). Backward Induction and Beliefs About Oneself. Synthese 91 (3):247 - 284.
Added to index2010-09-02
Total downloads4 ( #178,748 of 549,128 )
Recent downloads (6 months)0
How can I increase my downloads?