Game theorist Robert Axelrod decided to examine the choices that participants make in a long-run setting.He ran a sophisticated computer simulation in which he invited scholars to submit strategies for securing points in a prisoner's dilemma tournament over many rounds.All the submissions were collected and paired,and the results were scored.After each simulation,he eliminated the weakest strategy and re-ran the tournament with the remaining strategies.This evolutionary approach continued until the best strategy remained.Among all strategies submitted,which strategy dominated?
A) tit-for-tat
B) tit-for-two-tats
C) Axelrod equivalency
D) profit-maximization
E) dominated

Question

Quizplus · Accepted Answer

Out of all the strategies submitted, tit-for-tat emerged as the winner in Axelrod's simulations. This strategy involves starting with cooperation and then mirroring the partner's previous move, meaning that if the partner cooperates in one round, the strategy will also cooperate in the next round, and if the partner defects, the strategy will also defect in response. This strategy is forgiving, retaliatory, and doesn't seek to maximize individual profit but rather mutual gain. It is simple and easy to understand, making it a popular choice in real-life situations as well.

Game Theorist Robert Axelrod Decided to Examine the Choices That