Medium Post: An Expert Called Lindy

(Background. The Black Swan explains the domain-dependence of expertise: why the electrician, dentist, are experts, while the journalist, State Department bureaucrat, and macroeconomist are not. Since then, there has been a global movement against the pseudo-expert, the serial incompetence of a certain class of babbling and pompous operatives across bureaucrato-academic professions. Which leads to the question: who is the real expert? Who decides on who is and who is not expert? Where is the metaexpert? Time it is. Or, rather, Lindy.)

Lindy is a deli in New York, now a tourist trap, that proudly claims to be famous for its cheesecake, but in fact has been known for the fifty or so years of interpretation by physicists and mathematicians of the heuristic that developed there. Actors who hung out there gossiping about other actors discovered that Broadway shows that lasted, say one hundred days, had a future life expectancy of a hundred more. For those that lasted two hundred days, two hundred more. The heuristic became known as the Lindy Effect.

Click through to read the rest of the post on Medium.

Disclaimer: This website is not affiliated with Nassim Taleb. Click here and here for his official website(s).

Leave a Reply

Your email address will not be published. Required fields are marked *