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Adding to my first reply: if Trinitron displays were gone (it appears they aren't), and some newer tech isn't, that would NOT contradict the Lindy effect. If y
by chubot 6y ago
Adding to my first reply: if Trinitron displays were gone (it appears they aren't), and some newer tech isn't, that would NOT contradict the Lindy effect.
If you already KNOW that Trinitron displays are gone, then there's no uncertainty. The Lindy effect is a heuristic for making decisions under uncertainty.
The relevant situation is if you have two things that still exist, and you want to guess which one will last longer. This doesn't override other facts about the domain -- it's SOME information in the absence of any other knowledge. It's for poker players, not scientists.
The example I gave was the new cloud blog startup vs. the old hosting platform. Which one would you put your blog on if you wanted people to read it 5 years from now? All other things being equal, I'd take the old hosting platform. But if you think the startup has a really good business model or you like the founders, maybe you choose that one. It's just common sense.
Another example might be cold-blooded crocodiles vs. a warm-blooded mouse as an example. All things being equal, you could guess that the crocodiles will survive further into the future, since they were here first. But someone with a specific theory or expertise could also argue that the bigger animal is less likely to survive, etc.
Similarly, we already know that dinosaurs are gone. This isn't a situation where you need to act or make a prediction.
Someone who understands Bayesian statistics can probably explain it better than me, but you have to take into account existing knowledge, and update it with new knowledge. Picking out something that you know is obsolete isn't relevant.