Tag: Path Dependence
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Chesterton’s Fence
Chesterton’s Fence, established by G.K. Chesterton, underscores the need for understanding the rationale behind established norms before modifying them, advocating for informed, deliberate change across various domains, from policy to innovation.
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Dead Reckoning
Historically foundational in navigation, dead reckoning determines position from a known location, travel direction, and distance. Originating from the concept of deduction, its principles continue to influence domains such as robotics.
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Lindy Effect
Originating from patterns noted at Lindy’s restaurant in New York, the Lindy Effect theorizes that the future lifespan of enduring entities, such as ideas, correlates with their current age. This concept offers a perspective on understanding persistence across various domains, from literature to technology.
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Hysteresis
Hysteresis describes systems where the current state is shaped by both past and present influences. Notable for its path dependence and non-linearity, the concept is particularly relevant in disciplines such as material science, engineering, and economics.
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Ergodicity
Originating in thermodynamics, the concept of ergodicity posits that systems, over extended periods, equally traverse every possible state. Beyond its foundational role in physics, ergodicity impacts disciplines from mathematics to economics, shaping understanding of prolonged system dynamics.
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Path Dependence
Path dependence underscores how past choices shape present outcomes, often solidifying specific trajectories. Elements like sunk costs and increasing returns further entrench these paths. Though rooted in economics, the principle illuminates patterns in political, technological, and sociological realms.