Backward Induction Refers To

question 24

Multiple Choice

Backward induction refers to:

• A)a procedure for solving a sequential-move game by starting at the beginning of the game tree and finding the optimal decision for the player at each decision point.
• B)a procedure for solving a sequential-move game by starting at the end of the game tree and finding the best response function at each decision point.
• C)a procedure for solving a sequential-move game by starting at the end of the game tree and finding the player's motives for making the decision at each decision point.
• D)a procedure for solving a sequential-move game by starting at the end of the game tree and finding the optimal decision for the player at each decision point.

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