First Mover

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First Mover

n
(Philosophy) the Aristotelian conception of God as the unmoved mover of everything else
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MTN (mobile telecoms), SABMiller (alcoholic beverages), Nampak (packaging) Shoprite and Walmart (retail), MultiChoice (broadcasting & media), Ecobank (retail banking) and Safaricom (Telecom/ Mobile Money, Kenya) are notable first movers.
Approximately half of the first movers trust and about two-thirds of the second movers are trustworthy.
They report that informing subjects in the social history treatment about the choices made by others in a previous investment game (the 'no history' treatment) causes first movers to send more money (to second movers) and second movers to return more money (to first movers).
X is commonly referred to as "trust," Y/X measures "trustworthiness" (trustworthiness is precluded when first movers send zero), and the relationship between trust and trustworthiness, [partial derivative](Y/X)/[partial derivative]X, represents "reciprocity.
First movers (first-to-market) try to gain an early, albeit temporary, monopoly in the market by introducing a new product before the competition.
In contrast, when [beta] [greater than] 0 the head of state is typically not indifferent among all possible candidate first movers.
One timing advantage sometimes available to second movers that is denied to first movers is the ability to piggy-back (or free-ride in economic terms) on the investment of first movers.
The First Movers Fellowship was developed by the Aspen Institute Business and Society Program, whose mission is to equip business leaders for the 21st century with a new management paradigm--the vision and knowledge to integrate corporate profitability and social value.
Since, for a given type of first movers, the proportions retuned from the rich and the poor are not statistically different from each other, we believe that such in-group and out-group trust on the part of first movers is less likely to be a calculative move based on a norm or an expectation that poor second movers, out of perhaps fairness concerns, would keep more and return less.
Under a wide variety of conditions, first movers in ultimatum games tend to propose relatively equal splits.
This "vicarious learning" advantage can identify common mistakes first movers make in either over-estimating demand for new services or products, or making fatal errors in gauging the technological challenges facing a new venture.
However, when real subjects play this game, first movers send on average about half of the endowment, and second movers, on average, just reciprocate.