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.
C
Economics
You might also like to view...
The ERM crisis in ______ affected the ability of nations to ______.
A) 2001; fully fund their military forces B) 1996; allow labor to migrate between nations C) 1980; maintain a healthy banking system D) 1992; maintain fixed exchange rates without drastic domestic measures
Economics
Figure 5-9
In Figure 5-9, the consumer’s marginal rate of substitution at his optimum choice of X and Y is
A. ?1. B. 16. C. 8. D. ?8.
Economics