Thursday, January 13, 2011

Subgame Perfect? Not bad.

Here's a nice tutorial on backward induction from one of the YouTube channels I follow.



Enjoy!

The only low point in the video for me is where he says something to the effect of "don't do this or you'll lose needless points." That's true, but the essence of the video is that outcomes aren't equilibria. Students should lose points if they miss that point.

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