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) repeated cooperation agreement.
B) collusion plan.
C) commitment strategy.
D) tit-for-tat strategy.

Question

Quizplus · Accepted Answer

The described behavior of players imitating the action of their opponent in the previous round is known as a tit-for-tat strategy. This strategy involves starting with a cooperative move and then matching the opponent's behavior in subsequent rounds. It is effective in promoting cooperation in repeated games as it encourages mutual cooperation and punishes defection.

If Each Player Responds by Imitating the Action of His