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On “John and Alicia Nash, 1928,1933-2015”
#gametheory#nashequilibrium#hotellingmodel
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Beginner. No background in the topic needed.
7.4M views14 years ago3 recommendations
Computer scienceComputation and complexity
Jac de Haan explains how game theory and the Nash equilibrium drive competing businesses to cluster in the same location.
View full lesson on ed.ted.com - ed.ted.com/lessons/why-do-competitors-open-their-stores-next… Why are all the gas stations, cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots. Lesson by Jac de Haan, animation by Luke Rowsell.What people say. Recommended as a clear and intuitive explanation of the Nash equilibrium and spatial competition.
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