The tit-for-tat strategy is:
A) one in which a player in a repeated game takes the same action that his or her opponent did in the preceding round.
B) one in which both players explicitly agree to compete in the first round of a repeated game, and if one of them cooperates, the other will defect.
C) not effective in prisoner's dilemma type games.
D) All of these statements are true.

Question

Quizplus · Accepted Answer

The tit-for-tat strategy is a common and effective strategy for repeated games. Under this strategy, a player takes the same action that their opponent did in the preceding round. This approach can encourage cooperation and discourage defection, leading to better outcomes for both players. Options B and C are not accurate descriptions of the tit-for-tat strategy.

The Tit-For-Tat Strategy Is