The Lindy effect

If the probability distribution for the lifetime of something, follows a power law distribution (fat tails, then the expected value for additional life time after having lived for a time value T_b will be an additional T_b .

The intellectual works life time follow a power law distribution that implies that an idea will have an additional survival time equal to the time it has been with us. Older ideas, music, books will survive longer as they get older.

The Lindy effect


Statistical models

Excellent place with many of the statistical models very well explained:  …example   … all models