tit for tat
/ˌtɪt fər ˈtæt/
a strategy of cooperating first, then mirroring opponent's previous move
tit for tat in a sentence
“Tit for tat won Axelrod's iterated prisoner's dilemma tournament.”
Origin of tit for tat
From tip for tap, equivalent retaliation
Related Words
first-mover advantage
the benefit gained by being the initial actor in a market or game
commitment device
a mechanism that binds one to a future course of action
signaling
actions taken to convey information about oneself to others
screening
actions by the uninformed party to induce information revelation
moral hazard
increased risk-taking by someone protected from consequences
adverse selection
the tendency for higher-risk individuals to seek insurance