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Deductive Reasoning in Extensive Games

Geir Asheim and Martin Dufwenberg

Economic Journal, 2003, vol. 113, issue 487, 305-325

Abstract: We justify the application to extensive games of a model of deductive reasoning based on three key features: 'caution', 'full belief of opponent rationality', and 'no extraneous restrictions on beliefs'. We apply the model to several examples, and show that it yields novel economic insights. The approach supports forward induction, without necessarily promoting backward induction. Copyright 2003 Royal Economic Society.

Date: 2003
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Citations: View citations in EconPapers (21)

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Working Paper: Deductive reasoning in extensive games (2000) Downloads
Working Paper: Deductive reasoning in Extensive Games (2000) Downloads
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