What is a tit-for-tat strategy

Reference no: EM13902446

1. How does a Nash equilibrium differ from a game's maximin solution? When is a maximin solution a more likely outcome than a Nash equilibrium?

2. What is a "tit-for-tat" strategy? Why is it a rational strategy for the infinitely repeated prisoners' dilemma?

Reference no: EM13902446

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