How do you solve a problem like... COVID-19 with the Nash Equilibrium
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Description
On this week’s episode, something really different to what I normally do on the podcast. But an episode I think you will really enjoy. This week, as US states grapple...
show moreThis week, as US states grapple with whether to re-open their economies, or remain on lockdown as a response to COVID-19, I am going to use the Nash Equilibrium as a way of explaining what is happening, why it’s happening, and what may potentially happen in the future.
The Nash Equilibrium isn’t a silver bullet that will resolve the angst over COVID-19. But, in my opinion, it helps to explain why we are seeing what we are seeing. And, in turn, it helps to explain what can be done differently to smooth the bumpy road that will be cities, states and countries re-opening, and resuming the new normal.
The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.
Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind
Bibliography
https://www.lexico.com/definition/nash_equilibrium
http://gametheory101.com/courses/game-theory-101/what-is-a-nash-equilibrium/
https://www.investopedia.com/terms/p/prisoners-dilemma.asp
https://medium.com/cantors-paradise/the-nash-equilibrium-explained-c9ad7e97633a
Equipment I use
*RODE NT USB Bundle Pack (mic, tripod and boom arm included) - https://amzn.to/37OZI6T
*Adobe Audition - https://amzn.to/2OjXchn
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Information
Author | Jacinthe A Galpin |
Organization | Jacinthe A Galpin |
Website | - |
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