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It Can Be Rational to Play Tit-For-Tat in a Repeated

question 95

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It can be rational to play tit-for-tat in a repeated Prisoners' Dilemma game:


Definitions:

Division Of Labor

The assignment of different parts of a manufacturing process or task to different people in order to improve efficiency.

Widowhood

The state or period of being a widow or widower, experienced after the death of a spouse.

Stress Hormones

Chemicals released in the body in response to stress, including cortisol and adrenaline, which prepare the body for a fight or flight response.

Ego Integrity

A sense of satisfaction and fulfillment that comes from looking back on one’s life, typically achieved in late adulthood.

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