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Kelsey and Jack Are Playing a Game That Consists of Several

Question 144

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Kelsey and Jack are playing a game that consists of several rounds of a simultaneous-move prisoner's dilemma.Neither Kelsey nor Jack knows exactly when the game will end.Explain how both players playing the tit-for-tat strategy can create cooperation in this game.

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Tit-for-tat is a long-run strategy that ...

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