Why do competitors open their stores next to one another? - Jac de Haan
6,660,861 Views
18,463 Questions Answered
Let’s Begin…
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.
About TED-Ed Animations
TED-Ed Animations feature the words and ideas of educators brought to life by professional animators. Are you an educator or animator interested in creating a TED-Ed Animation? Nominate yourself here »
Meet The Creators
- Educator Jac de Haan
- Animator Luke Rowsell
- Narrator Jac de Haan