6. Extensive-Form Games

Backward Induction — Quiz

Test your understanding of backward induction with 5 practice questions.

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Practice Questions

Question 1

In backward induction, where do you begin solving a finite sequential game?

Question 2

What does a player choose at a decision node under backward induction?

Question 3

At the final decision node, Player 2 can choose between outcome $(1,5)$ and outcome $(4,2)$. Which action does Player 2 choose?

Question 4

Player 1 chooses $A$ or $B$. If Player 1 chooses $A$, the game ends with payoff $(3,1)$. If Player 1 chooses $B$, Player 2 chooses $C$ leading to $(2,4)$ or $D$ leading to $(5,0)$. Using backward induction, what does Player 1 choose?

Question 5

Which statement best describes a subgame-perfect equilibrium in a finite sequential game?