Path dependence

Rarity: Common

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Notion

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Beliefs and thought

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What Wikipedia says

In the social sciences, path dependence is the phenomenon of past events or decisions constraining or defining later events or decisions. It can describe outcomes at a single point in time or to the long-run equilibria of a process.

Excerpt from the Wikipedia article “Path dependence”, under the CC BY-SA 4.0 license. Read the article on Wikipedia