To find the half-life of an element, measure the activity of the sample using a Geiger Counter and wait until the count drops to half its initial value. The half-life is defined as the time required for half of the radioactive particles to decay. There is a debate regarding the correct half-life equation, with one side arguing for T = ln(2)/k and the other emphasizing the negative sign in the equation due to the decay process. The consensus is that k should be treated as a positive quantity, as convention dictates, despite the decay representing a negative slope in the activity graph. Understanding these equations is crucial for accurately calculating half-lives in radioactive decay scenarios.