Spite - in Game Theory

In Game Theory

The iterated prisoner's dilemma provides an example where players may "punish" each other for failing to cooperate in previous rounds, even if doing so would cause negative consequences for both players. For example, the simple "tit for tat" strategy has been shown to be effective in round-robin tournaments of iterated prisoner's dilemma.

Read more about this topic:  Spite

Famous quotes containing the words game and/or theory:

    Intelligence and war are games, perhaps the only meaningful games left. If any player becomes too proficient, the game is threatened with termination.
    William Burroughs (b. 1914)

    Frankly, these days, without a theory to go with it, I can’t see a painting.
    Tom Wolfe (b. 1931)