Consider a repeated prisoner's dilemma where firms engage in a tit-for-tat strategy.If your partner _______ on the first interaction you would then _______ in your next interaction with her.
A) defected;cooperate
B) defected;defect
C) cooperates;defect
D) defected;refuse to play
E) cooperates;refuse to play.

Question

Quizplus · Accepted Answer

In a tit-for-tat strategy, a player replicates the opponent's previous action. If the partner defected in the first interaction, you would defect in the next interaction.

Consider a Repeated Prisoner's Dilemma Where Firms Engage in a Tit-For-Tat