The tit-for-tat strategy only works for prisoner's dilemma games that
A) have only one Nash equilibrium.
B) are played only one time.
C) have no Nash equilibrium.
D) are repeated.
E) have a large number of rivals.

Question

Quizplus · Accepted Answer

The tit-for-tat strategy involves cooperating on the first move and then mimicking the previous move of the opponent. This strategy works best in games that are repeated because it allows for long-term cooperation and the possibility of building trust between players. A) is incorrect because the presence of multiple Nash equilibria does not affect the effectiveness of the tit-for-tat strategy. B) is incorrect because the tit-for-tat strategy requires multiple rounds of play. C) is incorrect because every game has at least one Nash equilibrium. E) is incorrect because the number of rivals does not affect the effectiveness of the strategy.

The Tit-For-Tat Strategy Only Works for Prisoner's Dilemma Games That