I go along the lines of Pat. Bits seem to last me a while longer than others I've worked with. But I watched how it was cutting, my feed rate and the depth of cut.
Heat buildup really kills an edge. Good extraction helps keep waste away, which in turn helps keep the bit cooler. If I have a problem keeping heat down, then I coat the bit with Hylo Cool. And if you use a little wax (like I use those wax sticks for double cutters), then it helps lube the cutters and keep things from sticking to the cutter.
If you keep the bit clean, without residue, they don't seem to retain as much heat and stay sharper longer.
After use, if you use a good diamond hone on them to touch them up... they stay sharp and last longer.
Like was mentioned, if you use an appropriate speed for the bit size and material...
And yes, laminations and MDF wear a cutter's edge faster than normal, real wood. Besides the paper fibers in MDF... the glue has a lot to do with that. It sticks to the bit, retains heat and if it sticks near the cutting edge (as it does), then it doesn't cut as well. Things go downhill fast if you don't catch that.
Same things seem to hold true for shaper cutters, molding cutters and saw blades. I think the most important is to watch the cutting surface, feel for any change in how it cuts and keep cutters clean.