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There is a half-life describing any exponential-decay process. For example: As noted above, in radioactive decay the half-life is the length of time after which there is a 50% chance that an atom will have undergone nuclear decay. It varies depending on the atom type and isotope, and is usually determined experimentally. See List of nuclides.
A quantity undergoing exponential decay. Larger decay constants make the quantity vanish much more rapidly. This plot shows decay for decay constant (λ) of 25, 5, 1, 1/5, and 1/25 for x from 0 to 5. A quantity is subject to exponential decay if it decreases at a rate proportional to its current value.
In the long run, exponential growth of any kind will overtake linear growth of any kind (that is the basis of the Malthusian catastrophe) as well as any polynomial growth, that is, for all α: = There is a whole hierarchy of conceivable growth rates that are slower than exponential and faster than linear (in the long run).
Biological exponential growth is the unrestricted growth of a population of organisms, occurring when resources in its habitat are unlimited. [1] Most commonly apparent in species that reproduce quickly and asexually , like bacteria , exponential growth is intuitive from the fact that each organism can divide and produce two copies of itself.
The doubling time is a characteristic unit (a natural unit of scale) for the exponential growth equation, and its converse for exponential decay is the half-life. As an example, Canada's net population growth was 2.7 percent in the year 2022, dividing 72 by 2.7 gives an approximate doubling time of about 27 years.
In principle a half-life, a third-life, or even a (1/√2)-life, could be used in exactly the same way as half-life; but the mean life and half-life t 1/2 have been adopted as standard times associated with exponential decay. Those parameters can be related to the following time-dependent parameters:
A handful of billionaires saw their net worth rise by a combined $53 billion on Wednesday, driven by a euphoric post-election rally in the stock market.
Half time is the time taken by a quantity to reach one half of its extremal value, where the rate of change is proportional to the difference between the present value and the extremal value (i.e. in exponential decay processes). It is synonymous with half-life, but used in slightly different contexts.