Rationality and backward induction

Journal of Economic Methodology 4 (1):23-41 (1997)
Abstract
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
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.1080/13501789700000002
Options
 Save to my reading list
Follow the author(s)
Edit this record
My bibliography
Export citation
Find it on Scholar
Mark as duplicate
Request removal from index
Revision history
Download options
Our Archive


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 30,813
External links

Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA
Modeling Rational Players: Part I.Ken Binmore - 1987 - Economics and Philosophy 3 (2):179.
On the Evaluation of Solution Concepts.Robert Stalnaker - 1994 - Theory and Decision 37 (1):49-73.
Game-Theoretic Axioms for Local Rationality and Bounded Knowledge.Gian Aldo Antonelli & Cristina Bicchieri - 1995 - Journal of Logic, Language and Information 4 (2):145-167.

View all 7 references / Add more references

Citations of this work BETA
Sexual Drift.Ken Binmore - 2013 - Biological Theory 8 (2):201-208.
Book Reviews. [REVIEW]Robert Sugden - 1996 - Mind 105 (420):688-691.
Special Issue on Rationality and Methodology.Jochen Runde & Paul Anand - 1997 - Journal of Economic Methodology 4 (1):1-21.

View all 6 citations / Add more citations

Similar books and articles
Doxastic Conditions for Backward Induction.Thorsten Clausing - 2003 - Theory and Decision 54 (4):315-336.
Agent Connectedness and Backward Induction.Christian W. Bach & Conrad Heilmann - 2011 - International Game Theory Review 13 (2):195-208.
Belief Revision in Games of Perfect Information.Thorsten Clausing - 2004 - Economics and Philosophy 20 (1):89-115.
Backward Induction Without Common Knowledge.Cristina Bicchieri - 1988 - PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1988:329 - 343.
Backward-Induction Arguments: A Paradox Regained.Jordan Howard Sobel - 1993 - Philosophy of Science 60 (1):114-133.
Common Knowledge of Rationality in Extensive Games.Boudewijn de Bruin - 2008 - Notre Dame Journal of Formal Logic 49 (3):261-280.
The Backward Induction Argument.John W. Carroll - 2000 - Theory and Decision 48 (1):61-84.
Decision-Making and the Backward Induction Argument.Joe Mintoff - 1999 - Pacific Philosophical Quarterly 80 (1):64–77.
Added to PP index
2012-02-20

Total downloads
50 ( #108,480 of 2,202,700 )

Recent downloads (6 months)
2 ( #150,076 of 2,202,700 )

How can I increase my downloads?

Monthly downloads
My notes
Sign in to use this feature