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Tuesday 4 February 2014

Unit 3: Excellent video which explains game theory

Here is a really well produced and clear visual explanation of the Hotelling model of spatial location. 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 hot-spots. A good short video to use when teaching or learning about game theory.



Click here for more on Game theory (It is quite complex, but may help you understand the basics)

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