The process of analyzing a problem in reverse-starting with the last choice,then the second-to-last choice,and so on,to determine the optimal strategy-is called:
A) backward induction.
B) backward thinking.
C) forward thinking.
D) backward working.

Question

Quizplus · Accepted Answer

Backward induction involves analyzing a problem or decision-making process by starting at the end and working backward. By considering the possible outcomes of each choice and decision, one can determine the optimal strategy to follow. This technique is commonly used in game theory and other fields where strategic decision-making is important. Therefore, the best choice in this scenario is a backward induction.

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