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There are huge gains to be had in herd-ing. For instance, if everyone herds towards Uber instead of Lyft, you effectively pick Uber as the winner by merely herd
by writepub 8y ago
There are huge gains to be had in herd-ing. For instance, if everyone herds towards Uber instead of Lyft, you effectively pick Uber as the winner by merely herding, instead of merit or market economics
- taurath 8y agoAnd in that case, the worst possible outcome is to have many competing funded companies in the same space. Merit doesn’t enter into it much.