backward induction
nounDefinitions
The process of reasoning backwards in time, from the end of a problem or situation, to…
The process of reasoning backwards in time, from the end of a problem or situation, to determine a sequence of optimal actions.
- 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.
The neighborhood
Vish — recursive loop
No curated loop yet for backward induction. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA