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backward induction

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  • Backward induction — is the process of reasoning backwards in time, from the end of a problem or situation, to determine a sequence of optimal actions. It proceeds by first considering the last time a decision might be made and choosing what to do in any situation at …   Wikipedia

  • backward induction — noun The process of reasoning backwards in time, from the end of a problem or situation, to determine a sequence of optimal actions …   Wiktionary

  • Induction — Most common meanings * Inductive reasoning, used in science and the scientific method * Mathematical induction, a method of proof in the field of mathematics * Electromagnetic induction in physics and engineering Other articles * Induction (play) …   Wikipedia

  • Induction — • Induction is the conscious mental process by which we pass from the perception of particular phenomena (things and events) to the knowledge of general truths Catholic Encyclopedia. Kevin Knight. 2006. Induction     Induction …   Catholic encyclopedia

  • Backward compatibility — In the context of telecommunications and computing, a device or technology is said to be backward or downward compatible if it can work with input generated by an older device.[1] If products designed for the new standard can receive, read, view… …   Wikipedia

  • Solution concept — In game theory, a solution concept is a formal rule for predicting how the game will be played. These predictions are called solutions , and describe which strategies will be adopted by players, therefore predicting the result of the game. The… …   Wikipedia

  • Centipede game — In game theory, the centipede game, first introduced by Rosenthal (1981), is an extensive form game in which two players take turns choosing either to take a slightly larger share of a slowly increasing pot, or to pass the pot to the other player …   Wikipedia

  • Subgame perfect equilibrium — Infobox equilibrium name=Subgame Perfect Equilibrium subsetof=Nash equilibrium intersectwith=Evolutionarily stable strategy discoverer=Reinhard Selten usedfor=Extensive form games example=Ultimatum gameIn game theory, a subgame perfect… …   Wikipedia

  • Stackelberg competition — The Stackelberg leadership model is a strategic game in economics in which the leader firm moves first and then the follower firms move sequentially. It is named after the German economist Heinrich Freiherr von Stackelberg who published Market… …   Wikipedia

  • John von Neumann — Von Neumann redirects here. For other uses, see Von Neumann (disambiguation). The native form of this personal name is Neumann János. This article uses the Western name order. John von Neumann …   Wikipedia

  • Inequality of arithmetic and geometric means — In mathematics, the inequality of arithmetic and geometric means, or more briefly the AM GM inequality, states that the arithmetic mean of a list of non negative real numbers is greater than or equal to the geometric mean of the same list; and… …   Wikipedia

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