Opposite to the widespread perception that good guys all the time end final, Recreation Concept reveals that good guys can certainly end first. I’ll discover this intriguing phenomenon by means of the Iterated Prisoner’s Dilemma Drawback on this article. This text is Half 2 of my Recreation Concept collection, so if you happen to haven’t learn the primary article, I like to recommend checking that out first. Half 1 discusses the basic Prisoner’s Dilemma Drawback utilizing the instance of two spies, Kratika and Ishita, and illustrates how their decision-making results in optimum outcomes for each. It additionally highlights Recreation Concept’s relevance in lots of real-world eventualities. The hyperlink to the primary article is right here —
In actual life, interactions between events aren’t all the time one-time occasions. Positive, Kratika and Ishita, the 2 spies, confronted the dilemma as soon as and ended up serving 7 years in jail. However in a parallel world, Kratika and Ishita face the identical dilemma (when it comes to pricing) day after…