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Tit For Tat

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  • Aug 12, 2022
  • #GameTheory
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Farnam Street
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Blog: Farnam Street — A Signal in a World Full of Noise

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...


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