HYPERBOLIC GROWTH
Initial value x₀:
0.5
Logistic capacity K:
3.0
Growth rate r:
1.0
Hyperbolic power p:
2.0
Malthusian:
x' = rx
Solution: x = x₀·e^{rt}
Grows forever, no singularity
Logistic:
x' = rx(1-x/K)
Solution: sigmoidal
x → K as t → ∞
Hyperbolic:
x' = xᵖ (p>1)
Solution: x = x₀/(1-x₀^{p-1}·(p-1)·t)^{1/(p-1)}
Blowup at t* = 1/(x₀^{p-1}·(p-1))
Hierarchy of growth:
Logistic ≪ Malthus ≪ Hyperbolic
Singularity at:
—
Hyperbolic growth has been
proposed for world population
(Kapitza model, 1992) and
technological singularity.