Path dependence wikipedia

2019-10-15 22:21

Path dependence explains how the set of decisions one faces for any given circumstance is limited by the decisions one has made in the past, even though past circumstances may no longer be relevant. [1The phrase is regularly used to mean one of two things (Pierson 2004): Some authors use path dependence to mean simply history matters a broad concept;interpretation, path dependence had little to do with VHS's success, which would have occurred even if Betamax had established an early lead. Economics Path dependency theory was originally developed by economists to explain technology adoption processes and industry evolution. path dependence wikipedia

path dependence (usually uncountable, plural path dependences) ( countable ) A situation in which the outcome varies with the route taken. ( uncountable, economics ) The theory that a technological option selected by the market need not be the technologically best one, because of the traction obtained by an earlyintroduced, technologically

Path dependence suggests that human behaviour has limits, both cognitive and institutional, which have profound implications for politics and decision making in general. Finally, it must be demonstrated how change within a pathdependent system is possible, given the feedback mechanisms identified in the second stage of the analysis. Path dependence's wiki: Path dependence explains how the set of decisions one faces for any given circumstance is limited by the decisions one has made in the past or by the events that one has experienced, even though past circumstances may no longer be relevant.path dependence wikipedia A nonholonomic system in physics and mathematics is a system whose state depends on the path taken in order to achieve it. Such a system is described by a set of parameters subject to differential constraints, such that when the system evolves along a path in its parameter space

Path dependence wikipedia free

To start a new career involves an investment of time, and in many cases depending on the career, money. Starting a new career also takes a certain degree of courage in an individual, to begin a new path after perhaps already having tried path dependence wikipedia Path dependence explains how the set of decisions one faces for any given circumstance is limited by the decisions one has made in the past, even though past circumstances may no longer be relevant. [1The phrase is regularly used to mean one of two things (Pierson 2004): Some authors use path dependence to mean simply history matters a broad concept; Pathdependence is a phrase used to mean one of two things (Pierson 2004). Some authors use pathdependence to mean simply history matters a broad conception while others use it to mean that institutions are self reinforcing a narrow conception. Path dependence in economics is the phenomenon whereby an economic outcome is the result of a historical path or series of accidents rather than current market conditions.

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