Survivorship Bias

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?

• Do the digg...

While success stories are motivating, they could lead to a false belief that success is more controllable and predictable than it is.

• The common traits of successful people and organisations are ubiquitous. These same traits may be equally present in the less success...

A bias that many people including historians, experts and physicians encounter is the hindsight bias, which makes them think they knew how an event would turn out before it happened. It is the tendency for people to perceive past outcomes as having been more predictable ...