Why forward induction leads to the backward induction outcome: A new proof for Battigalli's theorem

A Perea - Games and Economic Behavior, 2018 - Elsevier
Battigalli (1997) has shown that in dynamic games with perfect information and without
relevant ties, the forward induction concept of extensive-form rationalizability yields the …

Backward induction reasoning beyond backward induction

E Catonini, A Penta - 2022 - publications.ut-capitole.fr
Backward Induction is a fundamental concept in game theory. As an algorithm, it can only be
used to analyze a very narrow class of games, but its logic is also invoked, albeit informally …

Forward induction in a backward inductive manner

M Meier, A Perea - 2024 - researchportal.bath.ac.uk
We propose a new rationalizability concept for dynamic games with imperfect information,
forward and backward rationalizability, that combines elements from forward and backward …

Rationalizability and epistemic priority orderings

E Catonini - Games and Economic Behavior, 2019 - Elsevier
At the beginning of a dynamic game, players may have exogenous theories about how the
opponents will play. If these theories are commonly known, players will refine their first-order …

Order independence for rationalizability

J Manili - Games and Economic Behavior, 2024 - Elsevier
This paper provides a sufficient monotonicity condition for the solution of a rationalizability
procedure to be independent of the order of elimination. The analysis unfolds in an abstract …

[PDF][PDF] Monotonicity and Robust Implementation under Forward-Induction Reasoning

P Battigalli, E Catonini - 2023 - economics.harvard.edu
We prove that, in sequential games with payoff uncertainty, strong rationalizability
characterizes the path-predictions of forward-induction reasoning across all possible …

Heterogeneously Perceived Incentives in Dynamic Environments: Rationalization, Robustness and Unique Selections

E Piermont, P Zuazo-Garin - arXiv preprint arXiv:2105.06772, 2021 - arxiv.org
In dynamic settings each economic agent's choices can be revealing of her private
information. This elicitation via the rationalization of observable behavior depends each …

The epistemic spirit of divinity

P Battigalli, E Catonini - Journal of Economic Theory, 2024 - Elsevier
We study strategic reasoning in a signaling game where players initially have common
belief in an outcome distribution and in the event that the sender's beliefs are independent of …

Revealing Sequential Rationality and Forward Induction

P Guarino - arXiv preprint arXiv:2312.03536, 2023 - arxiv.org
Given a dynamic ordinal game, we deem a strategy sequentially rational if there exist a
Bernoulli utility function and a conditional probability system with respect to which the …

Fuzzy Truth Maintenance System for Non-Monotonic Reasoning

PVS Reddy - 2021 International Conference on Fuzzy Theory …, 2021 - ieeexplore.ieee.org
Sometimes Artificial Intelligence (AI) has to deal with undecided problems. An undecided
problem has no computer solution. The non-monotonic problem is undecided. Fuzzy logic …