3 ms·

Path dependence.

• galaxyLogic 3y ago
  I googled path-dependency https://www.investopedia.com/terms/p/path-dependency.asp#:~:text=Path%20dependency%20explains%20the%20continued,more%20efficient%20alternatives%20are%20available https://www.investopedia.com/terms/p/path-dependency.asp#:~:.... It happens all the time of course. But I wonder if it is a bit of a trivial concept. Of course what was done before will affect what is the optimal choice now. But I agree it is good to keep it in mind -- when you are making the current decisions. If I decide this way now, what is the cost of my available options in the future? Pretty much the way chess-players evaluate their possible moves.