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 , given that the variable X has already survived to t, where t is the present time, is
NONPERISHABLE Case: When X is power law distributed ( as I said with scalable matters) with exponent α, that is
P[x>X] = a then
E[X]=
, 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
PERISHABLE CASE:Assume an exponential distribution:
f[x]=λ
E[X]=Xt+
The total life expectancy Xt does not change regardless of survival.
Created by Mathematica (February 11, 2011) | ![]() |