About This Video
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.
Meet The Creators
Jac de Haan
Educator
Luke Rowsell
Animator
Additional Resources for you to Explore
John Nash, a famous mathemetician, wrote a paper that defined Nash Equilibrium.
A Beautiful Mind, a film directed by Ron Howard about the life of John Nash, hit the screen in 2001. http://www.imdb.com/title/tt0268978/
Competition is the term used to describe the rivalry among sellers trying to achieve such goals as increasing profits, market share, and sales volume. http://en.wikipedia.org/wiki/Competition_%28economics%29
