1.3 Innovation's Hype Cycle, And Increasing Efficiency - Deepstash

1.3 Innovation's Hype Cycle, And Increasing Efficiency

1.3 Innovation's Hype Cycle, And Increasing Efficiency

  • Amara's law states that people tend to overestimate the impact of new technology in the short run and underestimate it in the long run. Gene editing, GPS and AI are some examples where Amara's hype cycle is observed. It could also be playing a role in the story of crypto.
  • The bigger the cities get, the more productive and efficient they become, in terms of their use of energy to create improbability. It is always possible to raise living standards further by lowering the amount of a resource that is used to produce a given output. Growth is therefore indefinitely "sustainable".

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