How do you solve a problem like... COVID-19 with the Nash Equilibrium

11 mag 2020 · 16 min. 18 sec.
How do you solve a problem like... COVID-19 with the Nash Equilibrium
Descrizione

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...

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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 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

* Disclosure: These links are Amazon.com affiliate links. If you use them to make a purchase, the Risktory Podcast will earn a commission. Keep in mind that we link these companies and their products because of their quality and relevance to this week’s episode, and not because of the commission we receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Thank you for your ongoing support of the Risktory Podcast.
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Autore Jacinthe A Galpin
Organizzazione Jacinthe A Galpin
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