Why do competitors open their stores next to one another?
6,331,849 views | Jac de Haan • TED-Ed
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].