5. Backward Induction, Subgame Perfect Nash Equilibrium & Nash Equilibrium (Game Theory Playlist 6)

In this episode we discuss how to apply backward induction on extensive form games with perfect information. Furthermore, we discuss how to find subgame Perfect Nash equilibrium (SPNE) in these games. We also discuss how to find and verify a Nash equilibrium in such extensive form games.

It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.