Game Theorist Robert Axelrod Decided to Examine the Choices That

question 93

Multiple Choice

Game theorist Robert Axelrod decided to examine the choices that participants make in a long-run setting.He ran a sophisticated computer simulation in which he invited scholars to submit strategies for securing points in a prisoner's dilemma tournament over many rounds.All the submissions were collected and paired,and the results were scored.After each simulation,he eliminated the weakest strategy and re-ran the tournament with the remaining strategies.This evolutionary approach continued until the best strategy remained.Among all strategies submitted,which strategy dominated?

• A) tit-for-tat
• B) tit-for-two-tats
• C) Axelrod equivalency
• D) profit-maximization
• E) dominated

---

Definitions:

Factory System

An organizational method for manufacturing involving a concentrated location of equipment and labor to produce goods on a large scale.

Consumer Research

The process of gathering and analyzing information about consumers' preferences, behaviors, and perceptions to improve product development, marketing, and decision-making.

Industrial Entrepreneurs

Individuals who initiate, manage, and operate businesses in the industrial sector, focusing on the production and manufacturing of goods.

Strategic Alliance

An official contract between two or more entities to follow a series of mutually decided goals while maintaining their independent statuses.