What is 'Lindy effect' in probability?

April 02, 2018 12:15 am | Updated 12:15 am IST

This refers to the observation that the probable future survival of a technology, or any other non-perishable entity, increases with its age. So, according to the Lindy effect, a technology that has been around for a hundred years is likely to last longer than one that has been around for only a decade or less. This is in direct contrast to perishable entities, like human beings, whose life expectancy drops with age. The Lindy effect, named after a deli in New York, was first proposed by American author Albert Goldman. It has been further elaborated by others including Lebanese intellectual Nassim Taleb in his 2012 book Antifragile .

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