The longer a technology, a non-perishable product or service lasts, the longer its lie expectancy is. To calculate the life of an item, both its age, as well as, its health should be estimated.
Diagrams
Originated from/Coined by
Albert Goldman and Nicholas Nassim Taleb
Further Reading/ References
https://en.wikipedia.org/wiki/Lindy_effect
http://nassimtaleb.org/tag/the-lindy-effect/
https://taylorpearson.me/the-cat-furniture-problem/