Notes to the Chapter on Prophecy

Appendix to ANTIFRAGILITY by N.N. Taleb (of Amioun)

I wrote that a technology (book, cultural practice, religion) or any nonpresishable item  is likely to increase in life expectancy upon mere aging --the opposite of perishable variables, like, say, humans.


General Case: The conditional expectation of exceeding a certain threshold X_t, given that the variable X has already survived to t, where t is the present time, is

(∫_X_t^∞X φ[X] X)/(∫_X_t^∞φ[X] X)

NONPERISHABLE Case: When X is power law distributed ( as I said with scalable matters) with exponent α, that is
P[x>X] = a X^(-α) then

E[X| _ (X>X_t)]= α /(α - 1)X_t, α>1

So when α =2, as is reasonable, the multiplier is 2. If technology is 10 years old, it can be expected to last another ten years. But that's not a big deal. We can see that the expectation lengthens with X_t

PERISHABLE CASE:Assume an exponential distribution:
f[x]=λ ^(-x λ)

E[X| _ (X>X_t)]=Xt+1/λ
The total life expectancy Xt does not change regardless of survival.


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