Sequential games can be solved using
A) tit-for-tat.
B) dominated strategies.
C) backward induction.
D) risk averaging.

Question

Quizplus · Accepted Answer

Backward induction is a method for solving sequential games by working backward from the end of the game to the beginning. This allows players to identify the optimal strategies for each stage of the game, taking into account the potential actions of their opponents.

Sequential Games Can Be Solved Using