Which repeated game strategy does the MOST to reward cooperation and punish defection, while producing the greatest efficiency?
A) grim trigger
B) trembling hand trigger
C) tit-for-tat
D) predatory pricing

Question

Quizplus · Accepted Answer

Tit-for-tat is a strategy in repeated games that rewards cooperation and punishes defection effectively. It starts with cooperation and then mimics the opponent's previous move. This strategy encourages cooperation, as defection is immediately met with defection, but cooperation is also immediately rewarded, leading to efficient outcomes.

Which Repeated Game Strategy Does the MOST to Reward Cooperation