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Results for: Creator / Instructor Spaniel, William Keywords Equilibrium (Economics) Resource Type Video Tags sim Nash Equilibrium

Video

Game Theory 101: What Is a Nash Equilibrium? (Stoplight Game)

This lecture gives an intuitive explanation of economics concept known as "Nash equilibrium" using traffic signals as an example.

Course related:

AMA1D04 Understanding Social Conflicts by Game Theory

Subjects:

Economics and Transportation

Keywords:

Game theory Traffic signs signals Traffic engineering Equilibrium (Economics)

Resource Type:

Video

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