LO 9.4.3.A

Learning Objective: Contrast the risks faced by early adopter vs. late adopters before implementation.

Review

• Risks of early adopter vs. late adopters

• Early adopters: The risk of paying "learning fees" to be pioneers in the use of new investment technologies.
• Late adopters: The risk of being left (behind) with a competitive disadvantage as the industry approaches a new normal.