PART 2 - FOUR HIDDEN CHIMNEYS CHAPTER 10: BUILDING-BLOCK REALITY Fallacy of Past Analogy

"Learning rates changed substantially across many of the 87 technologies studied rather than remaining constant through time."

Stepwise changes provided a better fit for 58 of the 87 technologies, showing that a single historical learning rate is often an inadequate description of a technology's full cost trajectory.

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