4. Game theory terminology Select the term that best describes each denition listed in the following table. Tit-for- Prisoners' Nash Dominant tat Payoff Dilem ma Definition Equilibrium Strategy Collusion Strategy Matrix/Table Game The event that occurs when agents in a game form an agreement about which strategies to implement A set of strategies (one for each player) in which each player's strategy is the best option for that player, given the chosen strategy of the player's opponents A visual representation of a game showing all possible strategies for each player and all potential outcomes and payoffs A player's best choice, if it exists, regardless of his or her opponent's strategy