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Game Theory 101: Problems with Backward Induction

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Uploaded on Dec 22, 2009

Game Theory 101: The Complete Textbook on Amazon: http://amzn.to/1SlRTtg

http://gametheory101.com/courses/game...

William Spaniel shows a couple of flaws with backward induction. Does it pay to rationally be irrational? And what does that even mean?

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