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

Published: May 11, 2020, 10:30 a.m.

b'On this week\\u2019s 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\\u2019s happening, and what may potentially happen in the future.

The Nash Equilibrium isn\\u2019t 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 \\u2013 Clouds
Alan Spiljak \\u2013 Forgotten
Alan Spiljak \\u2013 Light blue
Alan Spiljak \\u2013 Empty days
Alan Spiljak \\u2013 Stars above
Alan Spiljak \\u2013 Not the end
Alan Spiljak \\u2013 Sun
Alan Spiljak \\u2013 Flying away
Alan Spiljak \\u2013 Time
Alan Spiljak \\u2013 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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