Learnings Mental Models

First-Movers and Last-Movers Advantage: Unraveling the Psychology of Competitive Timing

Introduction In the realm of decision-making, the concept of First-Movers and Last-Movers Advantage plays a significant role in shaping our choices. This mental model revolves around the idea that being the first to enter a market or adopting a particular strategy can provide a competitive advantage. Conversely, there are situations where being a late entrant […]