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Inverse View
It is not the case that Rationality and common knowledge of rationality in extensive games does not necessarily imply players will play according to the backward induction solution
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Reasons For
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Reason for
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1.
The modeling of players' belief change upon learning an opponent has deviated from the backward induction path affects the conclusion
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2.
Stalnaker (1998) showed that under a different model of belief revision, backward induction is not entailed
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Reasons Against
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Reason against 1 of 2
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1.
Aumann's (1995) proof presupposes that rationality is common knowledge even at counterfactual nodes, a condition that is self-undermining when deviation occurs.
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2.
If a player observes a deviation from backward induction, this constitutes evidence that common knowledge of rationality has already failed, making the assumption vacuous at that point.
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3.
A self-undermining assumption cannot serve as a stable epistemic foundation for deriving unique equilibrium behavior in extended sequential play.
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Reason against 2 of 2
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1.
Reny (1992) demonstrated that in games like Centipede, maintaining common knowledge of rationality is impossible to sustain consistently across all information sets.
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2.
Epistemic conditions that cannot be jointly satisfied throughout a game's play cannot coherently entail any particular solution concept as uniquely rational.
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