game-theory
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Resources
TED-Ed: The Last Banana: A Probability Thought Experiment
Imagine a game played with two players and two dice: if the biggest number rolled is one, two, three, or four, player 1 wins. If the biggest number rolled is five or six, player 2 wins. Who has the best probability of winning the game? Leonardo Barichello explains how probability holds the answer to this seemingly counterintuitive puzzle.
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TED-Ed: Why Do Competitors Open Stores Next to Each Other?
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.
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