TED-Ed

Why do competitors open their stores next to one another? - Jac de Haan (2012x56)

Uitzenddatum: Okt 01, 2012

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.