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by dragonwriter
143 days ago
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> The optimal decision in the Prisoner's Dilemma is to defect, but in the iterated version, where multiple Dilemmas occur and people remember previous results, Tit-For-Tat is optimal. That’s not true. There is no optimal strategy in iterated Prisoner's Dilemma in the sense that defection is optimal in the single-round version; Tit-for-Tat performs well in certain conditions in iterated Prisoner's Dilemma, and less well in others (dependent particularly on the strategies played on the other side); in single-round, defection always produces a better outcome than defection independently of the choice made against it. |
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