3 ms·

Here's a fare primer: https://fs.blog/mental-model-winner-take-all/ https://fs.blog/mental-model-winner-take-all/ tldr: power laws, prefential attachment, com

• MichaelZuo 4y ago
  That explains the likelihood of a winner-takes-most situation developing. But that doesn't equate to a winner-takes-all situation. I can easily see the 3 largest companies in a given sector taking 90% marketshare, or more. But to imagine 1 company taking 90% marketshare? I haven't seen a credible argument for why that would generally develop outside of some specific niche.