Shaping Path Dependence For Guaranteed Future Sales
[http://lexicon.ft.com/Term?term=path-dependence]
The FT definition
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I was reminded of the concept of path dependencefrom this Tim Harford
[http://timharford.com/] piece on thedevelopment of the Diesel engine
[http://www.bbc.com/news/business-38302874]. Here’s his key definition;
> a self-reinforcing cycle in which