Why do competitors open their stores next to one another? - Jac de Haan

Why it was recommended

this is the best explanation i've found so far on Nash's Equilibrium

Strong recommendationLitost · Original2015-05

What it covers

A short animated TED-Ed lesson in which two competing ice cream vendors on a beach illustrate why rival shops cluster together. It introduces game theory and the Nash equilibrium through the. It is for someone meeting the subject for the first time.

Video details

Channel

TED-Ed

Length

4 min 7 sec

Year

2012

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