Half-life of knowledge
Encyclopedia
The half-life of knowledge is the amount of time that has to elapse before half of the knowledge
Knowledge
Knowledge is a familiarity with someone or something unknown, which can include information, facts, descriptions, or skills acquired through experience or education. It can refer to the theoretical or practical understanding of a subject...

 in a particular area is superseded or shown to be untrue. The concept is attributed to Fritz Machlup
Fritz Machlup
Fritz Machlup was an Austrian-American economist. He was notable for being one of the first economists to examine knowledge as an economic resource....

 (1962). For example, Donald Hebb
Donald Olding Hebb
Donald Olding Hebb FRS was a Canadian psychologist who was influential in the area of neuropsychology, where he sought to understand how the function of neurons contributed to psychological processes such as learning...

 estimated the half-life of psychology
Psychology
Psychology is the study of the mind and behavior. Its immediate goal is to understand individuals and groups by both establishing general principles and researching specific cases. For many, the ultimate goal of psychology is to benefit society...

 to be five years.

The half-life of knowledge differs from the concept of half-life
Half-life
Half-life, abbreviated t½, is the period of time it takes for the amount of a substance undergoing decay to decrease by half. The name was originally used to describe a characteristic of unstable atoms , but it may apply to any quantity which follows a set-rate decay.The original term, dating to...

 in physics
Physics
Physics is a natural science that involves the study of matter and its motion through spacetime, along with related concepts such as energy and force. More broadly, it is the general analysis of nature, conducted in order to understand how the universe behaves.Physics is one of the oldest academic...

in that there is no guarantee that the truth of knowledge in a particular area of study is declining exponentially. In addition, knowledge can not be quantified and falsification of a doctrine is hardly comparable to exponential decay process that atomic nuclei go through.
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