1. Subgame Perfection for Extensive Form Games With Imperfect Information (Game Theory Playlist 7)

Backward Induction is a concept that only works in extensive form games with perfect information. However, we can extend the idea of subgame perfection to extensive form games with imperfect information in a way similar to the idea of backward induction. This episode compares and contrasts two extensive form games (one with perfect information and the other with imperfect information) and argues how an idea akin to backward induction can be used to solve for the subgame perfect Nash equilibrium of the games with imperfect information.

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