When can cooperation pay in a repeated game?
A tempting one-time betrayal can look different when the same two players will meet again. Repeated prisoner’s-dilemma games let cooperation, retaliation and forgiveness affect later payoffs. Which strategy succeeds depends on the other players and the rules of repetition.
Questions you could explore
- What changes if a mistake can make a cooperative move look like a betrayal?
Start reading
- Stanford Encyclopedia of PhilosophyPrisoner’s Dilemma
A careful account of why tit for tat performed well in particular tournaments and why no strategy wins in every population.
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