Nash equilibrium and why the GOP nominee always ends up in the centerSubmitted by Michael Nystrom on Sun, 03/09/2014 - 21:16
As told in the parable of the hot dog wars (4 minutes).
If that was interesting, see here also: Positioning: How Ted Cruz is trying to outmaneuver Rand Paul
In game theory, the Nash equilibrium is a solution concept of a non-cooperative game involving two or more players, in which each player is assumed to know the equilibrium strategies of the other players, and no player has anything to gain by changing only their own strategy. If each player has chosen a strategy and no player can benefit by changing strategies while the other players keep theirs unchanged, then the current set of strategy choices and the corresponding payoffs constitute a Nash equilibrium.