5. Nash equilibrium: bad fashion and bank runs
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Why it's on BrighterTube
Hand-picked by a BrighterTube curator · found via PrejudiceNeutrino/YouTube_Channels (YaleCourses · 88% confidenceDefines Nash equilibrium and applies it to coordination failures, including why bank runs can be self-fulfilling.
What you'll learn
Nash equilibrium, illustrated with coordination problems and bank runs.
Video by YaleCourses, played through YouTube's embedded player.
Part of Game Theory with Ben Polak
Go deeper
- The Big Short, Michael LewisThe 2008 crash told through the few who saw it coming
- Lords of Finance, Liaquat AhamedThe central bankers behind the Great Depression
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