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    The backward induction argument assumes common knowledge ... — Carmelics
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    Challenges→In the second-to-last round of a finitely repeated Prisoner's Dilemma, rational players will also defect.

    The backward induction argument assumes common knowledge of rationality, which empirically fails and is contested as a coherent epistemic requirement by Binmore and others.

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    Key Terms

    knowledge(Distinguished from mere true belief, which may be the product of indoctrination and need not exercise deliberative capacities.)
    Justified true belief — true belief that has been arrived at through the exercise of deliberative capacities, including comparison of and deliberation among alternatives.

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    In the second-to-last round of a finitely repeated Prisoner's Dilemma, rational ...

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