What exactly is the Lindy Effect? It is defined as the contrast with the life expectancy of humans or animals versus an idea or a technology which implies that every additional day may imply a longer life expectancy. According to Nassim Nicholas Taleb, ” The robustness of an item is proportional to its life.”
Some examples of this include our reading of books: Books that have been in existence for a lengthy period of time such as books from the 18th century are more than likely to be in existence a lengthy period of time in the future than new books that become obsolete. Therefore due to the time that we have to read it is better to invest that time in books that have been around for a long period of time.
What about disease? There are certain modern diseases that are due to modernity as compared to malaria which has been around since the beginning of time. Will malaria last longer that these so called modern diseases that have been invented by conditions?
How about college? It is stated that subjects such as Mathematics, Engineering and Natural Sciences are more robust than let’s say Social Sciences and Business.
For more on the Lindy Effect see these books and blog posts
The Fractal Geometry Of Nature Benoit Mandelbrot
The Black Swan: The Impact Of The Highly Improbable Nassim Nicholas Taleb
Antifragile: Things That Gain From Disorder Nassim Nicholas Taleb