Avoiding survivorship bias - Deepstash
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Avoiding survivorship bias

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 careful not to repeat it for ourselves. We need to find our own recipe for success. Lastly, we need to consider the role of luck in our lives because it is rare to stumble upon something valuable to increase our chances of success.

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MORE IDEAS ON THIS

The effects of survivorship bias

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 ...

107

463 reads

The Survivorship Bias

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...

125

761 reads

Survivorship bias in business

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 actually...

117

424 reads

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weston_ga

"I think the next best thing to solving a problem is finding some humor in it." -Frank Howard Clark

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The Survivorship Bias

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...

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...

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