A tit-for-tat strategy can be used
A)in a single-play game or a repeated game.
B)in a single-play game but not a repeated game.
C)in a repeated game but not a single-play game.
D)in neither a repeated game nor a single-play game.
E)only when there is no Nash equilibrium.

Question

Quizplus · Accepted Answer

Tit-for-tat is a strategy used in repeated games where a player's current move is based on the opponent's previous move. It is not applicable in single-play games because it relies on the history of interactions to make decisions.

A Tit-For-Tat Strategy Can Be Used