Spatially Competing Shops
Condensed Matter lunchtime seminar
Spatially Competing Shops
- Event time: 1:00pm
- Event date: 15th May 2006
- Speaker: Lawrence Mitchell (Formerly School of Physics & Astronomy, University of Edinburgh)
- Location: Room 2511, James Clerk Maxwell Building (JCMB) James Clerk Maxwell Building Peter Guthrie Tait Road Edinburgh EH9 3FD GB
Event details
A simple spatial extension to a classic Bertrand game of a competing marketplace shows some surprising results. Allowing the evolution of pricing strategies and dead sites (due to selective pressures) leads to spontaneous symmetry breaking in the strategies and the emergence of separate ''species'' of sellers exploiting short-term situations.
About Condensed Matter lunchtime seminars
This is a weekly series of informal talks given primarily by members of the institute of condensed matter and complex systems, but is also open to members of other groups and external visitors. The aim of the series is to promote discussion and learning of various topics at a level suitable to the broad background of the group. Everyone is welcome to attend..