IPF #010: Surviving survivorship bias: how to mitigate its impact on decision making
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Do you know how many people dropped out of college to start their own businesses in an effort to emulate Mark Zuckerberg's success and failed? I don't know either because no one bothered to tell their stories. Traditional and social media are filled with the success stories of Elons, Marks, Bills, and Steves -- all people who defied the norms but never faced the expected consequences. Since this is all we read about, we assume success is easier to attain than it is.
IPF #010: Surviving survivorship bias: how to mitigate its impact on decision making
IPF #010: Surviving survivorship bias: how to…
IPF #010: Surviving survivorship bias: how to mitigate its impact on decision making
Do you know how many people dropped out of college to start their own businesses in an effort to emulate Mark Zuckerberg's success and failed? I don't know either because no one bothered to tell their stories. Traditional and social media are filled with the success stories of Elons, Marks, Bills, and Steves -- all people who defied the norms but never faced the expected consequences. Since this is all we read about, we assume success is easier to attain than it is.