Braess Paradox (EC2261@UWO)
Channel: Bruno Salcedo
Date: 2020-03-20

Braess' Paradox (https://en.wikipedia.org/wiki/Braess%27s_paradox) is an interesting phenomenon in city planning that highlights an essential aspect of mechanism design: changing the rules of the game may have unexpected consequences on the behavior of the players. 

These videos were prepared with very short notice due to the 2020 COVID-19 pandemic. As a result, there are some typos and minor mistakes. For example, at 0:34 I should have said "letter n" instead of "word n".

Virtual Lectures for EC2261 at Western University. 

Find the corresponding lecture notes at http://brunosalcedo.com/2261.html

Seoul Metropolitan Government (2005) Cheonggyecheon Stream. Retrieved in July 2016 from http://english.seoul.go.kr/life-information/natural-attractions-parks/stream/