Imhof, Lorens; Nowak, Martin; Fudenberg, Drew - Department of Economics, Harvard University - 2007
The repeated Prisoner's Dilemma is usually known as a story of tit-for-tat (TFT). This remarkable strategy has won both of Robert Axelrod's tournaments. TFT does whatever the opponent has done in the previous round. It will cooperate if the opponent has cooperated, and it will defect if the...