0 a length of time during which you are not allowed to end or change a financial arrangement:
1 an occasion when a pub locks its doors and allows people to continue drinking illegally after the time when it should have closed:
2 a length of time during which you are not allowed to end a financial agreement:
I show that lock-in can occur over a wide range of values for the extrapolation parameter and the coefficient of relative risk aversion.
Unfortunately, little is known about the probability of lock-in.
We cannot thus define lock-in or synchronization such that the shedding frequency is necessarily close to the natural frequency.
Furthermore, the support of the conservative constituency made possible institutional development that combined elements of lock-in with institutional developments that altered the education policy.
This has implications for the lock-in phenomena in the stochastic models of increasing return economics and the sample complexity of stochastic approximation algorithms in engineering.
In either case, as declines, the extrapolative forecast becomes less accurate relative to the alternatives, making lock-in less likely to occur.
The term "lock-in" borrows from the concept of path dependence in problems involving the choice among competing technologies.
This is recalled in the next section in some detail because these very details form the backdrop of our analysis of the lock-in probability.
