A tit-for-tat strategy is one in which:
A)each player mimics the action taken by the other player in the previous period.
B)each player does the opposite of the action taken by the other player in the previous period.
C)each player randomly chooses an action.
D)one player always plays the same strategy irrespective of the other player's choice.

Question

Quizplus · Accepted Answer

A tit-for-tat strategy involves mimicking the previous action of the other player. This can help to establish trust and encourage cooperation between the players. It also ensures that neither player gains an advantage by consistently playing the same strategy, as the other player will adapt their behavior accordingly. Therefore, a tit-for-tat strategy is the best choice.

A Tit-For-Tat Strategy Is One in Which