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Nash Equilibrium Makes Your Commute Longer

 
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jabailo



Joined: 20 Mar 2006
Posts: 1273
Location: Kent (East Hill), WA

PostPosted: Thu Oct 02, 2008 8:38 am    Post subject: Nash Equilibrium Makes Your Commute Longer Reply with quote

http://www.physorg.com/news142157939.html

Quote:
A recent study has investigated just how much time is lost due to individuals opting for strategies that maximize their own personal utility rather than the social optimum, which often aren’t the same.

[...]

When analyzing the traffic in three major cities – Boston, London, and New York City – the researchers found that individuals waste up to 30%, 24%, and 28% of their travel time, respectively, due to choosing a personally optimal route instead of a socially optimal one.
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