Why was the performance of tit-for-tat such a surprise for game theorists? What explains tit-for-tat’s success? What are the potential weaknesses of tit-for-tat?

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Why was the performance of tit-for-tat such a surprise for game theorists?  What explains tit-for-tat’s success?  What are the potential weaknesses of tit-for-tat?

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