Something like the time value of money. But on the other hand, a bad answer can have negative value. Although "wrong and early" is better than "wrong and late".
Something like the time value of money. But on the other hand, a bad answer can have negative value. Although "wrong and early" is better than "wrong and late".
I don't know. There's a lot of instances where the first movers lose because they were a bit wrong and others learned from their mistakes.
If “wrong” breaks things, then late is better than early.