The Tit-For-Tat Strategy Is

question 123

Multiple Choice

The tit-for-tat strategy is:

• A) one in which a player in a repeated game takes the same action that his or her opponent did in the preceding round.
• B) one in which both players explicitly agree to compete in the first round of a repeated game, and if one of them cooperates, the other will defect.
• C) not effective in prisoner's dilemma type games.
• D) All of these statements are true.

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Definitions:

Social Loafing

The occurrence where people put in less effort towards achieving an objective when they are part of a team, as opposed to when they are working by themselves.

Personally Accountable

The responsibility an individual takes for their actions, including the consequences and outcomes of those actions.

Indispensable

Absolutely necessary or essential for something to function properly or to achieve a specific result.

Most Skilled

Referring to individuals or entities that possess the highest level of ability or expertise in a specific area or field.