In Game Theory,a Strategy in Repeated Games When a Player

question 169

Multiple Choice

In game theory,a strategy in repeated games when a player in one round of the game mimics the other player's behavior in the previous round is called the _____

• A)tit-for-tat strategy.
• B)prisoner's dilemma.
• C)dominant-strategy equilibrium.
• D)Nash equilibrium.
• E)coordination game.

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Definitions:

Traditional Values

Beliefs and ethical codes that are passed down from generation to generation, serving as a guiding principle for behavior and decision-making.

Self-Actualize

The process by which individuals realize their full potential, achieving their highest needs and aspirations.

Organizational Members

Individuals who belong to and participate in the structure of a formal organization, contributing to its goals.

Value Assumption

An underlying belief that shapes one's perspective or behavior, often taken for granted and not explicitly acknowledged.