Question

In January, Home Depot offered a 10% off coupon and Lowe’s did not. In February, Lowe’s offered a 10% off coupon and Home Depot did not. In March, Home Depot offered a 10% off coupon and Lowe’s did not. It is likely that Home Depot and Lowe’s are both playing the __________ strategy.

Answer 1

Answer: Tiit -for -tat strategy

Explanation:

Tiit -for -tat was introduced by Anatol Rapoport. He developed a strategy in which each participant in follows a course of action consistent with his opponent's previous turn. In other words, the opponents previuous moves are mimicked.This is an action is of mutual benefit. This strategy is an example of reciprocal altruism and  cooperation.