wedrifid comments on Real World Solutions to Prisoners' Dilemmas - Less Wrong
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That certainly isn't implied by the problem and the agent. It depends entirely on what the opponent is expected to do. I would use that strategy when playing against an average lesswrong user. I wouldn't use it when playing against some overconfident kid who has done some first year economics classes. I wouldn't use it when playing against a CDT bot or a TDT agent.