Can the human mind learn to backward induce? A neural network answer
Game Theory and Information from EconWPA
This paper addresses the question of whether neural networks, a realistic cognitive model of the human information processing, can learn to backward induce in a two stage game with a unique subgame-perfect Nash Equilibrium. The result that the neural networks only learn a heuristic that approximates the desired output and does not backward induce is in accordance with the documented difficulty of humans to apply backward induction and their dependence on heuristics.
Keywords: behavioral game theory; neural networks; learning (search for similar items in EconPapers)
JEL-codes: C7 D8 (search for similar items in EconPapers)
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Note: Type of Document - pdf; pages: 9
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpga:0505008
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