Why is tit-for-tat such an effective strategy for inducing cooperation in the prisoner's dilemma?
What will be an ideal response?
Tit-for-tat (always cooperating on the first trial, and on subsequent trials, doing whatever its opponent did on the
previous trial), is an effective strategy for inducing cooperation in the 2-party prisoners dilemma game. It does not
care that it can never beat the opponent; it always begins the interaction by cooperating and is never the first to
defect; it reciprocates defection; and it is so simple that people can quickly figure out what to expect from the
counterparty.
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