Meaning of backward induction | Babel Free
Definitions
The process of reasoning backwards in time, from the end of a problem or situation, to determine a sequence of optimal actions.
Examples
“Simple game theory tells us that a process⟳ of backward induction should, really, at some point⟳, induce the smart money to get⟳ out. And were that to happen⟳, investors really should be prepared to lose⟳ everything.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
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