Two players who are both playing tit-for-tat can quickly find their way toward:
A)lasting cooperation.
B)noncooperative outcomes for the remaining rounds.
C)a cycle of cooperation and noncooperation, similar to a business cycle.
D)None of these statements are true.

Question

Quizplus · Accepted Answer

Tit-for-tat is a strategy in game theory where a player initially cooperates and then simply mimics the opponent's previous action. If both players adopt this strategy, they tend to quickly establish a stable pattern of cooperation, as each player's cooperative move is reciprocated by the other.

Two Players Who Are Both Playing Tit-For-Tat Can Quickly Find