A strategy in which a player cooperates in the current period if the other player cooperated in the previous period,but the player cheats in the current period if the other player cheated in the previous period is called a
A)tit-for-tat strategy.
B)trigger strategy.
C)duopoly strategy.
D)dominant firm strategy.
E)Nash strategy.

Question

Quizplus · Accepted Answer

The description given in the question matches the tit-for-tat strategy, which is a well-known and widely used strategy in game theory. This strategy aims to promote cooperation and discourage cheating in repeated games by reciprocating the other player's behavior in the previous round. It starts with cooperation and then mimics the other player's action in each subsequent round, promoting cooperation if the other player cooperates and punishing defection if the other player defects. This strategy has been shown to be effective in various scenarios, including the famous prisoner's dilemma game. Therefore, A is the best choice.

A Strategy in Which a Player Cooperates in the Current