Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

Mathematical induction is a method of mathematical proof typically used to establish that a given statement is true of all natural numbers. The method can be extended to prove statements about more ...