The media is not interested in digging around in the graveyards of the unsuccessful. Nor is this it's job. To elude the Survivorship bias, you must do the digging yourself.
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Rolf Dobelli talks here about Survivorship Bias, how it affects our decision making and actual percentage of success.
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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."
How to elude the survivorship bias?
After reading Gates’ and Musk’s life stories, people seem to fall for the successful dropout myth , because if they can do it, why can’t you?
These stories might expose a fallacy in judgement because in reality, for one success story...
Survivorship bias leads us to think that coincidence is a correlation. We want the encouragement from survivorship bias so we can believe in our own capabilities, but it results in an inflated idea of how people become successful.
The fact is that success is never guaranteed. It does not me...
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