Survivorship Bias: Explained with Examples
Forgetting about all the people who tried and failed
What it is
Only seeing the successes and ignoring all the failures
Example
Thinking dropping out of college is smart because Bill Gates did it (ignoring millions who dropped out and struggled)
A scenario
Emma reads about successful entrepreneurs who started businesses at 16. She thinks dropping out of high school is a good idea.
How to avoid it
Ask: What about all the people who tried this and failed?
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