It is possible. following are minimum hardware requirement.
Also any web server software is not installed on your laptop before installing Tableau server.
Tableau Server does check for minimum requirements during install so my gut tells me that the install would cancel itself if they were not met. However, as my wife can attest to , I'm not always right so give 'er a go and let us know what happens
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You are absolutely right. If the minimum requirements are not met Tableau server will not install. If you don't meet the recommended requirements you'll get a nasty/informative prompt saying you should only use Tableau server in non production environment/ or for testing purposes.