Survivorship Bias - Deepstash
Survivorship Bias

Survivorship Bias

Survivorship bias is a logical error that twists our understanding of the world and leads to a wrong understanding of cause and effect.

We fall into survivorship bias when we assume that success stories tell the entire story of a product/business, while we don't properly consider past failures.

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rykerx

For every question, there is an answer. For every problem, there is a solution. For everything else, there is an explanation.

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We tend to overestimate the chances of success because success stories are more likely to be reported, while failure stories do not.

"Behind every popular author you can find a hundred other writers whose books never sell."

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