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Mental Models

To Age in Reverse: The Lindy Effect

For nonperishable items (like technologies or ideas), every additional day of life implies a longer future life expectancy, while for perishable items (like humans), life expectancy decreases with age. This principle, derived from the Lindy Effect and Mandelbrot, indicates robustness proportional to age.

THE IDEA

TO AGE IN REVERSE: THE LINDY EFFECT

Time to get more technical, so a distinction is helpful at this stage. Let us separate the perishable (humans, single items) from the nonperishable, the potentially perennial. The nonperishable is anything that does not have an organic unavoidable expiration date. The perishable is typically an object, the nonperishable has an informational nature to it. A single car is perishable, but the automobile as a technology has survived about a century (and we will speculate should survive another one). Humans die, but their genes—a code—do not necessarily. The physical book is perishable—say, a specific copy of the Old Testament—but its contents are not, as they can be expressed into another physical book.

Let me express my idea in Lebanese dialect first. When you see a young and an old human, you can be confident that the younger will survive the elder. With something nonperishable, say a technology, that is not the case. We have two possibilities: either both are expected to have the same additional life expectancy (the case in which the probability distribution is called exponential), or the old is expected to have a longer expectancy than the young, in proportion to their relative age. In that situation, if the old is eighty and the young is ten, the elder is expected to live eight times as long as the younger one.

Now conditional on something belonging to either category, I propose the following (building on the so-called Lindy effect in the version later developed by the great Benoît Mandelbrot):2

For the perishable, every additional day in its life translates into a shorter additional life expectancy. For the nonperishable, every additional day may imply a longer life expectancy.

So the longer a technology lives, the longer it can be expected to live. Let me illustrate the point (people have difficulty understanding it at the first go). Say I have for sole information about a gentleman that he is 40 years old and I want to predict how long he will live. I can look at actuarial tables and find his age-adjusted life expectancy as used by insurance companies. The table will predict that he has an extra 44 to go. Next year, when he turns 41 (or, equivalently, if applying the reasoning today to another person currently 41), he will have a little more than 43 years to go. So every year that elapses reduces his life expectancy by about a year (actually, a little less than a year, so if his life expectancy at birth is 80, his life expectancy at 80 will not be zero, but another decade or so).3

The opposite applies to nonperishable items. I am simplifying numbers here for clarity. If a book has been in print for forty years, I can expect it to be in print for another forty years. But, and that is the main difference, if it survives another decade, then it will be expected to be in print another fifty years. This, simply, as a rule, tells you why things that have been around for a long time are not “aging” like persons, but “aging” in reverse. Every year that passes without extinction doubles the additional life expectancy.4 This is an indicator of some robustness. The robustness of an item is proportional to its life!

The physicist Richard Gott applied what seems to be completely different reasoning to state that whatever we observe in a randomly selected way is likely to be neither in the beginning nor in the end of its life, most likely in its middle. His argument was criticized for being rather incomplete. But by testing his argument he tested the one I just outlined above, that the expected life of an item is proportional to its past life. Gott made a list of Broadway shows on a given day, May 17, 1993, and predicted that the longest-running ones would last longest, and vice versa. He was proven right with 95 percent accuracy. He had, as a child, visited both the Great Pyramid (fifty-seven hundred years old), and the Berlin Wall (twelve years old), and correctly guessed that the former would outlive the latter.

The proportionality of life expectancy does not need to be tested explicitly—it is the direct result of “winner-take-all” effects in longevity.

Two mistakes are commonly made when I present this idea—people have difficulties grasping probabilistic notions, particularly when they have spent too much time on the Internet (not that they need the Internet to be confused; we are naturally probability-challenged). The first mistake is usually in the form of the presentation of the counterexample of a technology that we currently see as inefficient and dying, like, say, telephone land lines, print newspapers, and cabinets containing paper receipts for tax purposes. These arguments come with anger as many neomaniacs get offended by my point. But my argument is not about every technology, but about life expectancy, which is simply a probabilistically derived average. If I know that a forty-year-old has terminal pancreatic cancer, I will no longer estimate his life expectancy using unconditional insurance tables; it would be a mistake to think that he has forty-four more years to live, like others in his age group who are cancer-free. Likewise someone (a technology guru) interpreted my idea as suggesting that the World Wide Web, being currently less than about twenty years old, will only have another twenty to go—this is a noisy estimator that should work on average, not in every case. But in general, the older the technology, not only the longer it is expected to last, but the more certainty I can attach to such a statement.5

Remember the following principle: I am not saying that all technologies do not age, only that those technologies that were prone to aging are already dead.

The second mistake is to believe that one would be acting “young” by adopting a “young” technology, revealing both a logical error and mental bias. It leads to the inversion of the power of generational contributions, producing the illusion of the contribution of the new generations over the old—statistically, the “young” do almost nothing. This mistake has been made by many people, but most recently I saw an angry “futuristic” consultant who accuses people who don’t jump into technology of “thinking old” (he is actually older than I am and, like most technomaniacs I know, looks sickly and pear-shaped and has an undefined transition between his jaw and his neck). I didn’t understand why one would be acting particularly “old” by loving things historical. So by loving the classics (“older”) I would be acting “older” than if I were interested in the “younger” medieval themes. This is a mistake similar to believing that one would turn into a cow by eating cow meat. It is actually a worse fallacy than the inference from eating: a technology, being informational rather than physical, does not age organically, like humans, at least not necessarily so. The wheel is not “old” in the sense of experiencing degeneracy.

This idea of “young” and “old” attached to certain crowd behavior is even more dangerous. Supposedly, if those who don’t watch prepackaged 18-minute hyped-up lectures on the Web paid attention to people in their teens and twenties, who do, and in whom supposedly the key to the future lies, they would be thinking differently. Much progress comes from the young because of their relative freedom from the system and courage to take action that older people lose as they become trapped in life. But it is precisely the young who propose ideas that are fragile, not because they are young, but because most unseasoned ideas are fragile. And, of course, someone who sells “futuristic” ideas will not make a lot of money selling the value of the past! New technology is easier to hype up.

I received an interesting letter from Paul Doolan from Zurich, who was wondering how we could teach children skills for the twenty-first century since we do not know which skills will be needed in the twenty-first century—he figured out an elegant application of the large problem that Karl Popper called the error of historicism. Effectively my answer would be to make them read the classics. The future is in the past. Actually there is an Arabic proverb to that effect: he who does not have a past has no future.6

When to use it

  • Deciding which technologies or industries to invest in based on their age and track record.

  • Choosing which books, movies, or cultural products to study for lasting value.

  • Predicting the future success of a business strategy by examining how long similar approaches have survived.

  • Teaching children skills that have stood the test of time (e.g., classics) rather than chasing fleeting trends.

FROM THEORY TO EVERYDAY LIFE

In practice

01

Book in Print for 40 Years

If a book has been in print for forty years, it can be expected to be in print for another forty years. If it survives another decade, it will be expected to be in print another fifty years.

02

Broadway Shows Prediction

Richard Gott predicted on May 17, 1993, that the longest-running Broadway shows would last longest and the shortest-running would end soonest, achieving 95% accuracy. Expected lifespan is proportional to past lifespan.

03

Great Pyramid vs. Berlin Wall

Gott correctly guessed that the Great Pyramid (5,700 years old) would outlive the Berlin Wall (12 years old) because the older structure had a longer expected future life.

✳

A MOMENT TO REFLECT

Put it to work.

  1. How can you apply the Lindy Effect to evaluate the long-term relevance of a skill, technology, or idea?

  2. Why might it be a mistake to assume that newer ideas are necessarily better or more robust than older ones?

  3. In what ways does the Lindy Effect challenge common beliefs about innovation and progress?

Connected ideas

Another lens can bring the same problem into focus.

Often confused with

References

  1. The Lindy Effect (Mandelbrot's version) — Benoît Mandelbrot
  2. Broadway show prediction (1993) — Richard Gott (1993)
  3. The Poverty of Historicism — Karl Popper (1957)

CONTINUE THE CONVERSATION

Source texts

  • Antifragile (Nassim Nicholas Taleb)
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