By 
Jac de Haan
 | 
TED-Ed Original

Why do competitors open their stores next to one another?

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].

Related tags:

ted-ed
math
business
economics
behavioral economics
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