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Sithwards Induction, or: The Dark Side for Grad Students - Econlib

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[Warning: Sith spoilers!] Whenever I meet a promising new graduate student, it isn’t long before I mention the practical importance of backwards induction. (For a short definition, see here; for a longer treatment, check this out). “What’s your career goal?” I ask. Unless I’ve overestimated the student, the answer is of course “To be a […]

Sithwards Induction, or: The Dark Side for Grad Students 10 Bryan Caplan Categories: Game Theory By Bryan Caplan, Jun 8 2005 SHARE POST: --> [Warning: Sith spoilers!] Whenever I meet a promising new graduate student, it isn’t long before I mention the practical importance of backwards induction. (For a short definition, see here ; for a longer treatment, check this out). “What’s your career goal?” I ask. Unless I’ve overestimated the student, the answer is of course “To be a professor, just like you.” And then the conversation goes something like this:

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