Benjamin Buffett

Nash Equilibrium: Dating and Cournot(Duopoly) Taught By Benjamin Polak | Game Theory Lecture 6 of 24 Nash Equilibrium - Dating and Cournot. Dating is the aspect of two people agreeing to go out and do something and/or to get to know each other. Most famous example is a man and woman. Cournot - a strategic idea of perfect competition and/or obtaining a monopoly in business, not dating. Communication and agreement is ideally essential in both situations yet as I am more versed on business then dating, I will communicate on the business aspect. The idea of running a business monopoly is the ideal for any business. Perfect competition between two firms lends to a more philosophical idea then a business strategy. Granted if two companies are producing the exact same product, in the same area, at the same time etc., although legally deterring, it seems to make sense to open lines of communication. Some people say that would be considered unfair practice on the overall consumers as prices and