Tit For Tat

A Game Theory strategy based on the Prisoners Dilemma.

<http://www.gametheory.net/Dictionary/Tit For Tat.html>

http://www.abc.net.au/science/slab/tittat/overview.htm

  • From an analysis of the 3-million choices made in the second competition, four features of TIT FOR TAT emerged:
  1. Never be the first to defect

  2. Retaliate only after your partner has defected

  3. Be prepared to forgive after carrying out just one act of retaliation

  4. Adopt this strategy only if the Probability of meeting the same player again exceeds 2/3.


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