Survivorship Bias and Hungry, Hungry Hippos

Survivorship Bias and Hungry, Hungry Hippos

Survivorship Bias,Hungry Hungry Hippos

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.

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.

Survivorship bias.

Survivorship bias.

Survivorship Bias

Survivorship Bias

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.

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.

The Misconception: You should focus on the successful if you wish to become successful. The Truth: When failure becomes invisible, the difference between failure and success may also become invisib…

The Misconception: You should focus on the successful if you wish to become successful. The Truth: When failure becomes invisible, the difference between failure and success may also become invisib…

Too often I read or hear success tips and advice that might fall for the survivorship bias. Only trust solid data without some bias if you want to follow smart advice! #survivorshipbias #data #mindset #success #hustle

Too often I read or hear success tips and advice that might fall for the survivorship bias. Only trust solid data without some bias if you want to follow smart advice! #survivorshipbias #data #mindset #success #hustle

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