Examlex
Sam Fenton wants to ensure that sales in a retail outlet are not recorded at the wrong amount. Which preventive control will help him ensure his objective?
Tit-for-Tat
A strategy in repeated games where a player replicates the opponent's previous action, often used in the context of cooperative behaviors or retaliatory tactics.
Prisoners' Dilemma Game
A standard example of a game analyzed in game theory that shows why two individuals might not cooperate, even if it appears that it is in their best interest to do so.
Tit-for-Tat Strategy
A reciprocal strategy in game theory where an entity responds to an action with a similar action, promoting cooperation.
Infinitely Repeated Games
A concept in game theory where a game is played an unlimited number of times, allowing for strategies that can enforce cooperation in situations where one-time game theory would predict non-cooperation.
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