First mover disadvantage: you stake out a position on a hill...

· Bits and Bobs 8/3/26
  • First mover disadvantage: you stake out a position on a hill... and later everyone realizes the real value is actually on the neighboring hill.
    • Crap!
    • So close and yet so far.
    • You're now in a worse position, because to get between two hills requires you to go down.