The process of analyzing a problem in reverse-starting with the last choice, then moving to the second-to-last choice, and so on to determine the optimal strategy-is called:
A)backward induction.
B)reverse collusion.
C)dominant strategizing.
D)credible deterrence.

Question

Quizplus · Accepted Answer

Backward induction is a method used in game theory and decision making where you start with the final decision and work backwards to determine the best strategy or action at each previous step.

The Process of Analyzing a Problem in Reverse-Starting with the Last