In a tit-for-tat strategy, a player A) randomly punishes its rival. B

In a tit-for-tat strategy, a player

A) randomly punishes its rival.
B) ensures that the joint profit is maximized in each round.
C) copies the action of its rival’s prior move in the subsequent rounds.
D) maximizes the joint profit in the game.

 

ANSWER

C

 

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