Re:Forecasting s-curves is hard
by heavenlyblue on Monday April 20, 2020 @10:01AM
(#22923858)
The law of diminishing returns only works in linear spaces. When you reach that point the only progress you can make is to create a better model of reality that would include these wraps.
Newton's model captures the essence but isn't the eternal truth. Relativity proved that. Today, singularities have been proven to exist that point to missing pieces in Einstein's theory.
The point is, simpler models are a good approximation even though they don't hold true under scrutiny, so, at what point do we stop obsessing over details and complex models professionals come up with or the policy-makers seek because surely there's law of diminishing returns at play here?