Why do competitors open their stores next to one another? - Jac de Haan

TED-Ed Channel Youtube
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Published on Oct 01, 2012

View full lesson on ed.ted.com - http://ed.ted.com/lessons/why-do-competitors-open-their-stores-next-to-one-another-jac-de-haan

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, animation by Luke Rowsell.

Categoy: Education

1207 8 a de haann jac

  • elenacasey gibbons - Channel Youtube
    elenacasey gibbons - 15 hours ago

    I asked this exact question when I was younger, just with car dealerships. My parents told me it was because if you didn’t like what they had at another store, similar stores wanted you to be able to come in, and hopefully find what you were looking for so you buy it

  • LK 911 - Channel Youtube
    LK 911 - 1 day ago

    I never heard of fish flavored ice cream before. This seems *FISHY*

  • Liuhuayue - Channel Youtube
    Liuhuayue - 2 days ago

    I love the animations.

  • Meowgical Pusheen - Channel Youtube
    Meowgical Pusheen - 2 days ago

    F*cking teddy

  • CarCat - Channel Youtube
    CarCat - 3 days ago

    Why am I watching TED-Ed

  • Ninja Penguin - Channel Youtube
    Ninja Penguin - 3 days ago

    tedy gon get shankt

  • Maxim C. - Channel Youtube
    Maxim C. - 3 days ago

    *1)* I think this beach example is not relevant, because (a) businesses seek *the center* of a city, and (b) doesn't really matter where a business is positioned (as long as it is nearest to the center, and/or people use internet/gps to find its location) *2)* When talking about Capitalist competition-based system, we should always mention that it must *not* be this way, that we must transition to *cooperation-based* socio-economic organization *before* Capitalism/competition kills all that is good in us. From a paper(/money)-based society (where things needed to provide basic needs to all humans are *not* done, only because "there are not enough" pieces of paper around), to a Natural Law Resource Based Economy (where things needed to provide basic needs to all humans *are* done, because *natural resources* are plenty enough for that).

  • mech kevin - Channel Youtube
    mech kevin - 3 days ago

    Children in Africa could have eaten that teddy

  • Emotional Chromosome - Channel Youtube
    Emotional Chromosome - 3 days ago

    Why can’t Ted just go to a different beach?

  • Chris Crocker - Channel Youtube
    Chris Crocker - 4 days ago

    This video does not makes any sense

  • Sir Platypus - Channel Youtube
    Sir Platypus - 1 week ago

    TEDDY IS A SAVAGE

  • Vanlalchhanhima Vanchhawng - Channel Youtube
    Vanlalchhanhima Vanchhawng - 1 week ago

    But these are good in some way i must say like when i want to buy electronics, i can look diff brand, and find the best price because i csn compare it

  • Ray S - Channel Youtube
    Ray S - 1 week ago

    Everyone's buying ice-creams but none of them has a mouth.. !! 😂

  • Nugroho W. - Channel Youtube
    Nugroho W. - 1 week ago

    2:39 nothing personnel kid

  • MrTinyCat - Channel Youtube
    MrTinyCat - 2 weeks ago

    Wow such a throw back this is nostalgic

  • uyiuit - Channel Youtube
    uyiuit - 2 weeks ago

    Yup, I always go to the nearest store.

  • Paradox._. - Channel Youtube
    Paradox._. - 2 weeks ago

    so sabotage teddy

  • Albert pirat - Channel Youtube
    Albert pirat - 2 weeks ago

    During summer in Florance I saw exacly 9 gas/petrol statios close to each other. They were literally next to each other. Not even a single different building between. I don't get how this works. Like 2 maybe 3 of them fine. But 9 who thought this would be great idead. There's no Chance taht one in the middle is getting any profit. And If you ask me there were different companies here. Meaning that this were separated petrol stations meaning that bussines is weird. If you have any idead what's going there please write.

  • Phạm Hòa - Channel Youtube
    Phạm Hòa - 2 weeks ago

    it's really interesting

  • Ethan Longenbaugh - Channel Youtube
    Ethan Longenbaugh - 2 weeks ago

    That’s why they say, keep your friends close, and you’re enemies closer

  • SuperMikoo - Channel Youtube
    SuperMikoo - 2 weeks ago

    Why do you keep referencing Game Theory?

  • PM_GANGSTA - Channel Youtube
    PM_GANGSTA - 2 weeks ago

    Thanks. I always wondered about this and now I know. :)

  • Jose Diola - Channel Youtube
    Jose Diola - 2 weeks ago

    coz they want to give alternative to "already successful business's" customers.

  • einsamaberfrei - Channel Youtube
    einsamaberfrei - 2 weeks ago

    Red sea vs blue sea

  • Agha M. Ali - Channel Youtube
    Agha M. Ali - 2 weeks ago

    I've resulted that "no matter if 2 shops are just side by side but it matters that what the quality+offers+price are giving both shops. Great...!!!

  • Doggie face !! - Channel Youtube
    Doggie face !! - 2 weeks ago

    New fish flavour?

  • TVakula - Channel Youtube
    TVakula - 2 weeks ago

    ted is as.hol

  • bla ba - Channel Youtube
    bla ba - 2 weeks ago

    godamn teddy..

  • Penguins Are Super Smart! - Channel Youtube
    Penguins Are Super Smart! - 2 weeks ago

    1:37 well duh it’s game theorists, they find betters ways to not walk.

  • Jesse Crotts - Channel Youtube
    Jesse Crotts - 2 weeks ago

    This makes sense for ice cream vendors but coffee shops cant move their businesses. Why wouldn't the last coffee shop put their shop in a more optimal location?

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