Which one of the following is not a feature of the tit-for-tat strategy?
A) Limited punishments for an opponent's defections.
B) A cooperative high-payoff equilibrium.
C) Perpetual punishments for an opponent's defections.
D) Neither firm has an incentive to be the first to defect.
E) The use of contingent strategies to resolve the prisoner's dilemma.

Question

Quizplus · Accepted Answer

Perpetual punishments for an opponent's defections are not a feature of the tit-for-tat strategy. Instead, the punishment is limited and proportional to the defector's behavior. This means that if the opponent cooperates, tit-for-tat will also cooperate, but if the opponent defects, tit-for-tat will retaliate with a defection in the next round. The goal is to encourage cooperation and deter defection, not to perpetually punish the opponent.

Which One of the Following Is Not a Feature of the Tit-For-Tat