The Strategy That Worked Best in Axelrod's Experiments Using the Prisoners

question 40

Multiple Choice

The strategy that worked best in Axelrod's experiments using the Prisoners' Dilemma game was to:

• A) play the "cooperate" ("don't confess") strategy.
• B) play the "defect" ("confess") strategy.
• C) alternate between "cooperate" and "defect" strategies.
• D) play the "cooperate" strategy at first, and from then on do whatever the other player did in the previous round, cooperating if the other player did, and defecting if the other player did.
• E) play the "cooperate" strategy in the first round, and from then on cooperate so long as the other player does, but if the other player defects, then play the "defect" strategy from that time forward.

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Definitions:

Employment Contract

A legal agreement between an employer and an employee that outlines the terms and conditions of employment.

Duty Of Loyalty

An obligation for individuals in certain roles to act in the best interest of another person or entity, typically within a fiduciary relationship.

Duty Of Care

An obligation to ensure the safety or well-being of others through a reasonable level of attention and caution.

Business Judgment Rule

A legal principle that protects company directors and officers from liability for decisions made in good faith and believed to be in the best interest of the company.