Symbol L
L is part of the quantity the equation computes from the expression on the right.
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Why this formula appears here
where the experience exponent b sets the learning rate LR = 1 - 2^{-b} , the fractional cost drop for every doubling of z . Way et al.'s working version of the same relationship is stated as a stochastic first-difference equation in log-cost against log-experience, with an estimated autocorrelation parameter of 0.19 held fixed across all fifty-plus technologies studied, chosen because fitting it separately for each technology’s comparatively short historical record degraded genuine out-of-sample forecasting accuracy [ 1 ] . The mathematics is unremarkable; what matters for this argument is what it implies about heritability and compounding. A technology with a high, stable learning rate…
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Symbol R
R is part of the quantity the equation computes from the expression on the right.
Read this term in its guide →Symbol b
b is one of the signed contributions combined to compute the quantity on the left.
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Published contexts (1)
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Equation 7 · Technological Evolution
The Metabolism of Civilization: Energy to 2100
This equation states an equality: the expressions on both sides have the same value under the article’s assumptions.
where the experience exponent b sets the learning rate LR = 1 - 2^{-b} , the fractional cost drop for every doubling of z . Way et al.'s working version of the same relationship is stated as a stochastic first-difference equation in log-cost against log-experience, with an estimated autocorrelation parameter of 0.19 held fixed across all fifty-plus technologies studied, chosen because fitting it separately for each technology’s comparatively short historical record degraded genuine out-of-sample forecasting accuracy [ 1 ] . The mathematics is unremarkable; what matters for this argument is what it implies about heritability and compounding. A technology with a high, stable learning rate…
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