A tit for tat strategy has the best chance of working if
A)A transaction is a one time event
B)The interaction between participants is frequent and open-ended
C)The interaction is frequent, but has a specific end date
D)Neither side in the interaction trusts the other's commitment to the strategy

Question

Quizplus · Accepted Answer

A tit for tat strategy involves reciprocating whatever the other party does. This strategy has the best chance of working when the interaction between participants is frequent and ongoing, as it allows for the reinforcement of cooperative behavior and the punishment of non-cooperative behavior. If the transaction is a one-time event or the interaction has a specific end date, there may be less incentive for both parties to cooperate. If neither side trusts the other's commitment to the strategy, it can lead to a breakdown in cooperation. Therefore, option B is the best choice for this question.

A Tit for Tat Strategy Has the Best Chance of Working