http://gametheory101.com/courses/logic-101/
This lecture introduces the biconditional logical operator, equivalent to the phrase "if and only if" in English. Biconditionals are logic's version of an equals sign. If one part of a biconditional is true, then the other part is true as well. But if one part is false, the other part is false as well.
"If and only if" thus has a distinct logical meaning. Be careful not to use those words as a fancier way of say "if" or "only if," as you won't be saying what you are actually trying to say.
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