Meaning : Generous tit for tat
Category : Mathematics
Sub Category : Game Theory
What does GTFT mean or stand for ?
GTFT is a probability theory that game theorists use to analyze and predict possible outcomes from “Snitch” situations or waiting games.
A famous example of this is the “prisoner’s dilemma”.When two prisoners are captured and interrogated separately regarding a theft.Now there are 3 possible outcomes:
- They both lie or just keep silent while keeping up the same story,they get the same reduced sentence of 1 year.
- If both betray each other and blame each other then both get 5 years
- If one betrays the other and implicates him then he goes scott free while the one who is betrayed gets a full 10 year term