4 ms·

Market failures happen all the time and are well known (e.g. "worse is better"). Why would "true believers" focus on Dvorak of all things?

• paulgb 16y ago
  Out of curiosity, what else would you consider a good example of a market failure? Edit: also, why is tome (grandparent) being downvoted? He makes a good point.
  • loewenskind 16y ago
    There are lots of cases where the superior product fails completely and something inferior in most every way ends up becoming standard. I don't understand why anyone would see this as something that can never happened. The market is made up of people and people are often going to be ignorant about the details of what they're buying. Often they choose purchase price above all even though total cost of ownership is a lot more expensive for the "cheap" product. Then you have to add market hype, incorrect perception, on and on.
    • paulgb 16y ago
      In that case, I think what's interesting about the Dvorak market failure (or non-failure) is that it doesn't require asymmetric information or irrational consumers.