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Survivorship Bias and Your Blog

Don't let survivorship bias distort how likely you think it is you'll succeed. It's a dangerous thing, but you can come see one way to avoid it here.

Survivorship bias: Don't just depend on the success stories. We must consider failures in our efforts to understand what works. Take risks. Explore the unexplored.

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Survivorship Bias - The true picture for active management is even more bleak than the figures suggest. This is due to Survivorship Bias. Video by @RegisMedia www.IFA.com

from Bloomberg.com

How Survivorship Bias Tricks Entrepreneurs

How Survivorship Bias Tricks Entrepreneurs | Our focus on simple success stories obscures the many lessons failure has to teach. | via Bloomberg Businessweek

Survivorship Bias: studying successes, when the critical learning comes from failures. (This is why venture capitalists value failure.) EXAMPLE: WWII bomber armor placement: The holes in the surviving planes reveal the locations that needed the least additional armor. Look at where the survivors are unharmed, he said, and that’s where the bombers are most vulnerable; that’s probably where the planes that didn’t make it back were hit.

from Entrepreneur

5 Common Mental Errors That Stop You From Making Good Decisions

"5 Common Mental Errors That Stop You From Making Good Decisions" The Confirmation Bias: "Confirmation bias refers to our tendency to search for and favor information that confirms our beliefs while simultaneously ignoring or devaluing information that contradicts our beliefs."

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from Bloomberg.com

How Survivorship Bias Tricks Entrepreneurs