Suppose A and B know that they will interact in a prisoners dilemma exactly four times. Explain

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Suppose A and B know that they will interact in a prisoner’s dilemma exactly four times. Explain why the tit-for-tat strategy will not be an effective means for assuring cooperation.

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Microeconomics and Behavior

ISBN: 978-0078021695

9th edition

Authors: Robert Frank

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Question Posted: Dec 12, 2014 10:23 AM

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Suppose A and B know that they will interact in a prisoners dilemma exactly four times. Explain

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Each knows that the other will have nothing to lose by defec...View the full answer

Microeconomics and Behavior

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