Backward induction is a useful tool:
A)to finding an optimal strategy in a sequential game.
B)for analyzing the decision in a prisoner's dilemma-type game.
C)for finding an optimal strategy in a simultaneous game.
D)Backward induction can be used in any of these games.

Question

Quizplus · Accepted Answer

Backward induction is specifically used for finding optimal strategies in sequential games, where players make decisions one after another.

Backward Induction Is a Useful Tool