Asked by karter lector on Jun 09, 2024
Verified
Which type of strategy is intended to influence the future actions of other players?
A) dormant
B) trigger
C) conclusive
D) tit-for-tat
Tit-For-Tat
A strategy in game theory where a participant replicates an opponent's previous action, whether cooperative or competitive.
Strategy
A plan of action designed to achieve a long-term or overall aim, often used in various contexts like business, gaming, military, and personal planning.
- Describe the fundamentals of the tit-for-tat tactic and its impact on maintaining collaborative or antagonistic relationships among businesses.
Verified Answer
JB
Jean Baptiste FamilyJun 11, 2024
Final Answer :
D
Explanation :
Tit-for-tat strategy is intended to influence the future actions of other players. This strategy involves matching the opponent’s previous move and responding accordingly. It encourages cooperation and reciprocity among players.
Learning Objectives
- Describe the fundamentals of the tit-for-tat tactic and its impact on maintaining collaborative or antagonistic relationships among businesses.
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