The tit-for-tat strategy:
A)is common in repeated games.
B)is never used in single-round games.
C)can result in players' maintaining cooperation.
D)All of these statements are true.

Question

Quizplus · Accepted Answer

The tit-for-tat strategy is common in repeated games, particularly in the context of Prisoner's Dilemma games. It involves starting with a cooperative move and then mirroring the previous move of the other player in subsequent rounds. This can lead to maintaining cooperation between players, as a player who defects will face a defecting response in the next round. However, this strategy is only effective in repeated games and is not commonly used in single-round games.

The Tit-For-Tat Strategy