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method of 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

  • 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

  • Scientific method — …   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

  • Dynamic programming — For the programming paradigm, see Dynamic programming language. In mathematics and computer science, dynamic programming is a method for solving complex problems by breaking them down into simpler subproblems. It is applicable to problems… …   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

  • List of mathematics articles (B) — NOTOC B B spline B* algebra B* search algorithm B,C,K,W system BA model Ba space Babuška Lax Milgram theorem Baby Monster group Baby step giant step Babylonian mathematics Babylonian numerals Bach tensor Bach s algorithm Bachmann–Howard ordinal… …   Wikipedia

  • List of numerical analysis topics — This is a list of numerical analysis topics, by Wikipedia page. Contents 1 General 2 Error 3 Elementary and special functions 4 Numerical linear algebra …   Wikipedia

  • Kenneth Binmore — Kenneth George Ken Binmore (born September, 1940) is a well known economist, and game theorist. He is one of the founders of the modern economic theory of bargaining (along with Nash and Rubinstein), and has made important contributions to the… …   Wikipedia

  • Arrow's impossibility theorem — In social choice theory, Arrow’s impossibility theorem, the General Possibility Theorem, or Arrow’s paradox, states that, when voters have three or more distinct alternatives (options), no voting system can convert the ranked preferences of… …   Wikipedia

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