Tit For Tat
fs.blog · 394 words · saved by 1 readers
Tit for tat is a strategy which, according to game theory, is the most effective choice for iterated games based on mutual cooperation or defection.
Tit for tat is a strategy which, according to game theory, is the most effective choice for iterated games based on mutual cooperation or defection. Both players benefit if they cooperate, but one benefits and the other loses out if only they defect, and both lose out to a lesser extent if they simultaneously defect. As abstract as such games sound, they have important implications for understanding everything from group selection in biology to cooperation in economics. Under tit for tat, a player will begin by cooperating, then in subsequent iterations will replicate whatever their…
saved by
related reading
- Game Theory Archives - Farnam Streetfs.blog
- The Early Christian Strategyastralcodexten.com
- Evolutionary Game Theory | Complex Systems & Systems Thinking | Complexity Labscomplexitylabs.io
- Contrite Strategies and the Need for Standards | Sarah Constantinsrconstantin.github.io
- Prisoner's dilemma - Wikipediaen.wikipedia.org
- Game theory - Wikipediaen.wikipedia.org
- More Than Two | Your Partner's Other Partnersmorethantwo.com
- Wayback Machinencase.me
- Ultimate Guide to Game Theory: Principles and Applicationsinvestopedia.com
- Superrationality - Wikipediaen.wikipedia.org
- Prisoner’s Dilemma (Stanford Encyclopedia of Philosophy)plato.stanford.edu
- Winning is for Losers – PUTANUMONITputanumonit.com