is a decaying exponential built on , and can be written .
The domain is all real numbers and the range is ; the value is never zero and never negative. The curve always passes through .
The derivative is as follows.
It is always negative, so the function is monotonically decreasing on the whole line. The second derivative , so the graph is convex throughout. As the value approaches , making the -axis, the line , a horizontal asymptote; as it diverges to .
Each time increases by , the value is multiplied by , about .
| Share of the initial value | ||
|---|---|---|
| about | ||
| about | ||
| about | ||
| about |
The value never reaches , yet it quickly becomes small enough to ignore.
Since one unit step in multiplies the value by , that unit length is called the time constant. The value falls to exactly one half when increases by , and that is the half-life. At the tangent has slope and is therefore the line , so near the origin the curve runs downward to the right alongside it.
The values at form a geometric sequence with common ratio , so may be read as a geometric sequence joined up smoothly.
It is the mirror image of in the -axis: where grows explosively, decays just as fast. Setting gives , so it is the other face of the logarithm.
Any process that decreases in proportion to the amount currently present takes the form .
It also underlies the exponential distribution in probability.