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.

Question

Quizplus · Accepted Answer

The tit-for-tat strategy involves cooperating if the other player cooperated previously and cheating if the other player cheated previously.

A Strategy in Which a Player Cooperates in the Current