De Facto Standard
A de facto standard is a custom, convention, product, or system that has achieved a dominant position by public acceptance or market forces (such as early entrance to the market). De facto is a Latin phrase meaning "concerning the fact" or "in practice".
The term "de facto standard" is used in contrast with obligatory standards (also known as "de jure standards"); or to express the dominant voluntary standard, when there is more than one standard available for the same use.
In social sciences, a voluntary standard that is also a de facto standard is a typical solution to a coordination problem. The choice of a de facto standard is the better choice for situations in which all parties can realize mutual gains, but only by making mutually consistent decisions. In contrast, an enforced "de jure standard" is a solution to the prisoner's problem.
Read more about De Facto Standard: Examples, Standards Battles
Famous quotes containing the word standard:
“The urge for Chinese food is always unpredictable: famous for no occasion, standard fare for no holiday, and the constant as to demand is either whim, the needy plebiscite of instantly famished drunks, or pregnancy.”
—Alexander Theroux (b. 1940)