Asked by Elijah Henderson on Sep 24, 2024
Verified
In a two-person repeated game,a tit-for-tat strategy is
A) When each player pursues his or her own self-interest without any cooperation
B) When players start off as non-cooperative and then cooperate when one or both players show interest in colluding
C) When players start off by cooperating and then mimic the other player's last move
D) With neither players defecting
Tit-For-Tat Strategy
A cooperative and retaliatory strategy in game theory where a player replicates an opponent's previous action.
Repeated Game
A strategic situation where the same game is played several times, allowing for strategy development based on previous outcomes.
Cooperation
The process of groups or individuals working together towards a common goal or interest.
- Comprehend the purpose and plans of equivalent retaliation in recurring games.
Verified Answer
GH
GISSELLE Hidalgo3 days ago
Final Answer :
C
Explanation :
In a tit-for-tat strategy, players start off by cooperating and then mimic the other player's last move. This means that if one player defects, the other player will also defect in the next round. If one player cooperates, the other player will continue to cooperate as well. This strategy encourages cooperation and can lead to mutually beneficial outcomes for both players.
Learning Objectives
- Comprehend the purpose and plans of equivalent retaliation in recurring games.