Year: 2022
Type: article
Abstract: Tit-for-Tat strategy is a strategy in repeated two-player symmetric games which imitates the previous action of the opponent. We show that the Tit-for-Tat strategy is a zero-determinant strategy, which unilaterally equalizes the expected payoffs of two players, if and only if the stage game is a potential game. Because it has been known that this condition is equivalent to the condition that the Tit-for-Tat strategy is unbeatable, our results suggest some relation between unbeatable property and the concept of zero-determinant strategy.
Author: Masahiko Ueda
Institution: Yamaguchi University
Language: English
Topic: Game Theory and Applications
Field: Decision Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W3198215647