King of the Hill: Giving Backward Induction its Best Shot

Martin Dufwenberg and Matthew Van Essen

No 6169, CESifo Working Paper Series from CESifo

Abstract: We study a class of deceptively similar games, which however have different player sets and predictions that vary with their cardinality. The economic, biological, political, and psychological applications are many. The game-theoretic principles involved are compelling as predictions rely on weaker and less controversial epistemic foundations than needed to justify backward inductions more generally. Is the account empirically relevant? We design and report results from a relevant experiment.

Keywords: backward induction; interactive epistemology; player set cardinality; experiment (search for similar items in EconPapers)
JEL-codes: C72 C92 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Journal Article: King of the Hill: Giving backward induction its best shot (2018)
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