In Game Theory, Behavior That Results in Cooperation as Long

question 258

Multiple Choice

In game theory, behavior that results in cooperation as long as the other players continue to cooperate, is referred to as

• A) nice behavior.
• B) tit-for-tat strategic behavior.
• C) simple behavior.
• D) opportunistic behavior.

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Definitions:

Banker's Acceptance

A short-term financial instrument issued by a company but guaranteed by a bank as accepted for payment at a future date, often used in international trade.

Electronic Funds Transfers

The electronic transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems.

POS

Point Of Sale; a system used at retail locations to manage sales, inventory, and customer transactions.

Identification Card

A personal document issued by a competent authority that serves to identify the person named on it, typically including personal data and often a photo.