The Political Scientist Robert Axelrod Once Held a Computer Tournament

question 71

Multiple Choice

The political scientist Robert Axelrod once held a computer tournament designed to determine the most successful prisoner's dilemma strategy (the strategy that would win most often for the longest period of time) . That strategy was dubbed ____.

• A) always-play-nice
• B) tit-for-tat
• C) low-ball
• D) survival-of-the-stealthiest

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Definitions:

Interest Calculation

The process of determining the interest charge on a loan or financial investment, based on the principal amount, rate, and time.

Maturity Date

The specific date on which the principal amount of a debt instrument, such as a bond or loan, becomes due and payable.

Allowance for Doubtful Accounts

A contra-asset account that reduces the total accounts receivable balance to reflect accounts that are expected not to be collected.

Bad Debt Expense

An expense recognized when receivables are no longer collectible due to customer default.