If each player responds by imitating the action of his opponent in the previous round of a repeating game,the players are following a:
A)tit-for-tat strategy.
B)repeated cooperation agreement.
C)collusion plan.
D)commitment strategy.

Question

Quizplus · Accepted Answer

When players imitate the action of their opponent in the previous round of a repeating game, they are essentially following a tit-for-tat strategy. This strategy involves starting with a cooperative move, and then mimicking the move of the opponent in the previous round. This strategy is effective in promoting cooperation and ensuring that players do not defect from a cooperative agreement. Therefore, A) is the best choice. The other options (B, C, D) do not accurately describe the strategy being employed.

If Each Player Responds by Imitating the Action of His