Tit-for-tat:
A) Is similar to backward induction.
B) Is an enforcement mechanism in repeated games where cooperation is possible.
C) Is the same thing as a scorched-earth policy.
D) Results in minimax payoffs.
E) None of the above.

Question

Quizplus · Accepted Answer

Tit-for-tat is a strategy used in repeated games to enforce cooperation by reciprocating the opponent's previous action, promoting mutual cooperation or retaliation based on the opponent's last move. It is not directly related to backward induction, scorched-earth policies, or minimax payoffs.

Tit-For-Tat