Contrary to the common belief that nice guys always finish last, Game Theory reveals that nice guys can indeed finish first. I’ll explore this intriguing phenomenon through the Iterated Prisoner’s Dilemma Problem in this article. This article is Part 2 of my Game Theory series, so if you haven’t read the first article, I recommend checking that out first. Part 1 discusses the classic Prisoner’s Dilemma Problem using the example of two spies, Kratika and Ishita, and illustrates how their decision-making leads to optimal outcomes for both. It also highlights Game Theory’s relevance in many real-world scenarios. The link to the first article is here —