12. Backward induction refers to
(A)a procedure for solving a sequential-move game by starting at the beginning of the game tree
and finding the optimal decision for the player at each decision point.
(B) a procedure for solving a sequential-move game by starting at the end of the game tree and
finding the best response function at each decision point.
(C) a procedure for solving a sequential-move game by starting at the end of the game tree and
finding the player’s motives for making the decision at each decision point.
(D)a procedure for solving a sequential-move game by starting at the end of the game tree and
finding the optimal decision for the player at each decision point.