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Game Theory - The Hotelling Model of Spatial Location
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3rd February 2014
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.For more ....Tutor2u's Introduction to Game Theory