ELL HubEric Ries
Eric Ries
Episode 295
Vocabulary
extrapolate (verb)
- Definition:
- to guess or make a likely prediction about something new by using known information or past data
- Example from the episode:
- “Like, it's actually a huge problem that we don't think about very often because conventional management systems are all based on this twentieth-century idea of extrapolating from a stable operating history to produce an accurate forecast.”
- Example sentence:
- “Scientists extrapolate future climate from past weather records.”
precondition (noun)
- Definition:
- something that must be true or must happen before another thing can happen
- Example from the episode:
- “If you say that if something unexpected happens, that's a failure, you have literally created the preconditions for no learning to take place.”
- Example sentence:
- “Trust is a precondition for a strong friendship.”
heuristic (adjective)
- Definition:
- helping you find a solution or learn by using a simple rule or method
- Example from the episode:
- “Having some kind of heuristic framework can be really, really helpful, and I appreciate you sharing that.”
- Example sentence:
- “Teachers give heuristic tips to help students learn.”
leap of faith (idiom)
- Definition:
- a decision to try or believe something even though you are not sure it will work
- Example from the episode:
- “So Lean Startup at its heart is to take the business plan, the fiction writing part of entrepreneurship or of any kind of business enterprise, and extract from it the hypotheses, the leap of faith assumptions that have to be true for the business to be a good idea.”
- Example sentence:
- “She took a leap of faith and tried the big slide.”