The paper reports the results of an experimental study of the three firm location problem. We compare the subjects' behavior in the experiments with the symmetric mixed strategy Nash equilibrium calculated by Shaked (1982).Overall, the findings are consistent with the equilibrium prediction. However, the subjects' locations were significantly more dispersed than predicted by the theory. Three alternative explanations of this phenomenon -inexperience, approximate equilibrium behavior and risk aversion -are suggested and evaluated for their predictive power. Special attention is paid to risk aversion.

We demonstrate for the first time a field trial of a fully meshed metro network with dynamic QKD networking capabilities across four optical network nodes in the 5GUK Test Network, where the DV-QKD quantum channels co-exist with classical channels and are dynamically switched and rerouted utilising QKD-aware SDN control.

The paper reports the results of an experimental study of the three firm location problem. We compare the subjects' behavior in the experiments with the symmetric mixed strategy Nash equilibrium calculated by Shaked (1982). Overall, the findings are consistent with the equilibrium prediction. However, the subjects' locations were significantly more dispersed than predicted by the theory. Three alternative explanations of this phenomenon-inexperience, approximate equilibrium behavior and risk aversion-are suggested and evaluated for their predictive power. Special attention is paid to risk aversion.

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