Why do competitors open their stores next to one another? - Jac de Haan
TED-Ed · 3 HN recommendations
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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 Hotelling model.
Why HN recommends it: HN people use it as a clear, quick explanation of Nash equilibrium and why competitors cluster.
“this is the best explanation i've found so far on Nash's Equilibrium” Read on HN ↗