Why do competitors open their stores next to one another?

Title:: Why do competitors open their stores next to one another?
Speaker:: Jac de Haan
Description:: 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, directed by Luke Rowsell, narrated by Jac de Haan].

more » « less
Video Language:: English
Team:: closed TED
Project:: TED-Ed
Duration:: 04:07

	Ade Indarta approved Indonesian subtitles for Why do competitors open their stores next to one another?
	Ade Indarta edited Indonesian subtitles for Why do competitors open their stores next to one another?
	TED2 changed primary url from https://s3.amazonaws.com/ted.conferences/talk/transcript/2012E/None/JacDehaan_GameTheory_2012E-transcript.mp4 to https://s3.amazonaws.com/ted.conferences/talk/transcript/2012E/None/JacDehaan_GameTheory_2012E-transcript.mp4
	TED2 changed primary url from https://s3.amazonaws.com/ted.conferences/talk/transcript/2012E/None/JacDehaan_GameTheory_2012E-transcript.mp4 to https://s3.amazonaws.com/ted.conferences/talk/transcript/2012E/None/JacDehaan_GameTheory_2012E-transcript.mp4
	Medina Alia accepted Indonesian subtitles for Why do competitors open their stores next to one another?
	Medina Alia edited Indonesian subtitles for Why do competitors open their stores next to one another?
	TED2 changed primary url from https://s3.amazonaws.com/ted.conferences/talk/transcript/2012E/None/JacDehaan_GameTheory_2012E-transcript.mp4 to https://s3.amazonaws.com/ted.conferences/talk/transcript/2012E/None/JacDehaan_GameTheory_2012E-transcript.mp4
	TED2 changed primary url from https://s3.amazonaws.com/ted.conferences/talk/transcript/2012E/None/JacDehaan_GameTheory_2012E-transcript.mp4 to https://s3.amazonaws.com/ted.conferences/talk/transcript/2012E/None/JacDehaan_GameTheory_2012E-transcript.mp4