Tit For Two Tats
topic on 1 show · 1 statements across 1 episodes
1 statements about Tit For Two Tats, every show
Tit for two tats is the optimal strategy in repeated business games
“If you have a repeated game of long-term relationships and repeated interactions, the optimal strategy is actually tit for two tats. And what that means is you can cross me once, and maybe I'll let that go, but if you cross me the second time, I never will. An…”