Backward induction solves a finite sequential game or decision problem by determining the best action at the last stage, then at the one before given the best continuation, and so on to the first stage.
iv_teasers.py.Quantitative Finance · Glossaire
Backward induction solves a finite sequential game or decision problem by determining the best action at the last stage, then at the one before given the best continuation, and so on to the first stage.
iv_teasers.py.