How did we all get stuck using the Gregorian calendar? Aside from the QWERTY problem, can you think of any other examples of a network effect keeping us in a suboptimal equilibrium? How about LinkedIn, licensure requirements, or three years of law school? (If you don’t know what a network effect is, look it up!) Hat tip: MrSquig.
- 255,604 hits
This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
Blogs I Follow