Why do competitors open their stores next to one another?

How game theory & the Nash Equilibrium determine what we do

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.

View full lesson on ed.ted.com - http://ed.ted.com/lessons/why-do-competitors-open-their-stores-next-to-one-another-jac-de-haan

Visit Website

Media Info

posted	October 24, 2012
sponsor	Computer Science and Electrical Engineering
topics	Computing & Technology Research & Grants
share

Recent Media

Catalyst: Robot Biomimicry

VIDEO · over 10 years ago
Arduino Workshops

VIDEO · over 10 years ago

myUMBC is a UMBC limited public community forum for information sharing and dialogue. As a public institution, UMBC generally may not limit a community member's right to free speech on this forum. UMBC does not endorse the views expressed or information presented here, unless specifically stated in an official UMBC post. Learn more...