Axelrod's tournament

Axelrod's Tournament is a study in game theory that explores how cooperation can arise among self-interested individuals. In the tournament, different strategies for playing the game "Prisoner's Dilemma" compete against each other. Players can choose to cooperate or betray. The winning strategy, "Tit for Tat," which cooperates on the first move and then mimics the opponent's previous action, demonstrates that cooperation can lead to better outcomes than betrayal. This work highlights the importance of trust and reciprocity in fostering cooperation in competitive environments, shedding light on broader social and economic interactions.