Editing Tit for tat (section)

==Game theory==
Tit-for-tat has been very successfully used as a strategy for the [[iterated prisoner's dilemma]]. The strategy was first introduced by [[Anatol Rapoport]] in [[Robert Axelrod (political scientist)|Robert Axelrod]]'s two tournaments,<ref>{{Cite web|url=https://lawrules.wordpress.com/2011/09/05/the-axelrod-tournaments/|title=The Axelrod Tournaments|date=September 5, 2011}}</ref> held around 1980. Notably, it was (on both occasions) both the simplest strategy and the most successful in direct competition. Few have extended the game theoretical approach to other applications such as finance. In that context the tit for tat strategy was shown to be associated to the trend following strategy.<ref name="AlgorithmicFinance.com">{{cite journal|author=Mahdavi-Damghani, Babak|author2=Roberts, Stephen|title=Guidelines for Building a Realistic Algorithmic Trading Market Simulator for Backtesting While Incorporating Market Impact: Agent-Based Strategies in Neural Network Format, Ecosystem Dynamics & Detection|journal=Algorithmic Finance|volume=Pre-press|issue=1|pages=1-25|year=2023|doi=10.3233/AF-220356}}</ref>