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The medium and the long term

Aug 8, 2026· 1 min

We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.

Roy Amara1

Footnotes

  1. Roy Amara (1925-2007), American engineer and researcher, for twenty years president of the Institute for the Future in Palo Alto, the futures-research institute that grew out of the RAND Corporation. The sentence is known as Amara's law. ↩