1/ In this essay on power laws in venture capital some of the assumptions seem wrong or incomplete. http://reactionwheel.net/2015/06/power-laws-in-venture.html … cc: @nntaleb
@trengriffin but I don't really think the Matthew effect explains enough. Too much movement up and down, falling stars.
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@DanielleFong Read the work of@duncanjwatts Path dependence is driven by people not making decisions independently. M effect is one example -
@trengriffin@duncanjwatts will read. I doubt that's the most important driver for path dependence though. Success itself pushes ppl harder.
End of conversation
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