Game Theory
Tit-for-tat is a strategic decision-making approach in game theory where a player responds to another's action with the same action, particularly in cooperative interactions. This strategy fosters cooperation by starting with a cooperative move and then mirroring the opponent's previous action, creating a pattern of reciprocity that can lead to mutually beneficial outcomes. It has real-world implications in various scenarios, from economics to social interactions, where establishing trust and cooperation is essential.
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