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Virality without value advantage tends to be short-lived. Social signaling is part of the ‘value’ in my model. The utility of existing competition and their c
by nopinsight 9y ago
Virality without value advantage tends to be short-lived.
Social signaling is part of the ‘value’ in my model.
The utility of existing competition and their costs are included in the term ‘marginal’.
I am aware that my simple model, occurring in a couple minutes, is incomplete that’s why I asked for refinements. Including factors like distribution & marketing seems very useful. However, capturing imperfect rationality does not seem possible for a simple model.
Do you have references to the ‘fairly comprehensive ways of expressing the likelihood of success of a product’?