Tag: Network Effects
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Critical Mass
Originating from nuclear physics, “Critical Mass” represents key thresholds across disciplines, encompassing economic viability, societal trends, and biological sustainability, signifying transformative junctures.
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Being Too Early is Indistinguishable from Being Wrong
An idea introduced too soon confronts economic, psychological, and societal hurdles that often render it indistinguishable from an incorrect or unviable concept, irrespective of its inherent merits.
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Schelling Point
In game theory, a Schelling point describes an intuitive focal solution people gravitate towards without direct communication. Named after its progenitor, economist Thomas Schelling, its reach extends to realms like negotiations, economics, and international affairs, driven by common societal frameworks and references.