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.

[rambles]

Unfortunately it seems that teddy decided to go swim in the ocean with cinder blocks tied to his legs

[somestickmanboi]

I would accuse teddy of violating the non-agression principle and proceeding to nuke his cart 20 times

[irngamer]

“In the real world businesses are free to compete with marketing strategies”
*fish flavor ice cream*

[varideasfitidea]

Alternative title for this video: "Why everyone hates Teddy and you should too"

[jimfixedme]

Never before has "keep your friends close but your enemies closer" made so much sense

[Robman]

Easy

“Keep your friends close but keep your enemies closer”

[SkiLLzO]

Me having learned a new concept in a simple manner: Wow! Neat!

The comments: "DEATH TO TEDDY!!"

[kokonutmilkshake]

"You don't need to solve the problem if the problem doesn't exist"

Somebody after erasing Teddy from existance

[ethanium]

One day, police found Teddy's corpse floating on the ocean.

[Tay]

Imagine a McDonald's and a burger king just relocating every day.

[sailorquestion]

If the cart is big enough, put Teddy inside it and take him to a drowing walk.
If you don't, what guarantees he won't?

[frenchpartisan]

"Keep your friends close but keep your enemies closer"

-Sun Tzu

[mreyeball]

Did you know many people die from accidental drowning at beaches

[mrboni]

im gonna make Teddy an offer he can't refuse

[eduardstefan]

Also the other reason why it's good especially for new competitors is because if the people are not satisfied with the competition or it is too busy they can always come and try your products, thus gaining popularity. If you were to be in a place where you have no competitors the only people you that will come are people who specifically come to buy from you and that doesn't happen to often in the beginning.

[robadoba]

Unfortunately, Teddy's business had to be closed because he ended up "missing"

[Tammc]

Should have broke teddy's kneecaps for invading your territory. 

[tuamatrem]

sell your ice cream for 1 cent, with $999 shipping and handling

[johannmuster]

Moral of the story: never trust your cousin!

[hariniravikumar]

Moral of the story : Do not be cousins with Teddy