Survivorship bias: when failure gets forgotten - Deepstash

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Survivorship bias: when failure gets forgotten

nesslabs.com

The Survivorship Bias

We tend to be interested in the success stories of many. We love the encouragement it provides us, but we often overlook the fact that most of these success stories have undergone through many failures.

Survivorship bias is when we concentrate on the peopl...

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When we ignore the logical error of the stories and advice we hear it deceives us into believing that past failures are not adequate enough to be considered.

This bias induces people to see correlation in sheer coincidences.

A great example is when the ...

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We must remember that most people do not become rich and famous. Most leaps of faiths are miscalculated. This does not mean that we should stop trying, instead we should remain to have a realistic understanding of reality.

Most entrepreneurs don't act...

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Most of the inspirational success stories we see give out advice like waking up at 5 AM in the morning or eating a well-balanced meal. Those are important, but we should not overlook those who were unsuccessful.

We should learn from their mistakes and be...

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