TED-Ed: Why do competitors open their stores next to one another? - Jac de Haan
Jai Ho
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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.
#Explainer
#Economics
#Personal Development
#All ages
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.
#Explainer
#Economics
#Personal Development
#All ages
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