Once you understand game theory, you understand the world.
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The repeated prisoner’s dilemma makes one round of retaliation visibly different from refusing to cooperate ever again. Knowledge of the last round and a possible misread defection change the situation in which a strategy is evaluated.
Archived captions (transcription method unspecified) ↗Original passages · 2
A forgiving strategy is one that can retaliate but it doesn't hold a grudge.when the last round is, then there's no reason to cooperate in that round.