US /sə'vaɪvəˌʃɪp/
・UK /sə'vaɪvəˌʃɪp/
Let me give it a go, which is survivorship bias hard at work, which is basically when we just focus on the winners of people who made a lot of money.
Let me give it a go, which is a survivorship bias hard at work, which is basically when we just focus on the winners of people who made a lot of money, we often ignore the losers, right?
to give their social security survivorship or their benefits
And then we've also dedicated a lot of effort to study shock survivorship.
and have better survivorship than recorded in the wild.
This is called a survivorship bias.
This is called survivorship bias, and
From here you can see what the problem is: if you only take advice of the so called successful people and ignore all the failures, you're going to be left with a heavily distorted view of reality this is known as 'survivorship bias' , furthermore, it doesn't just apply to financial advice.
It's a textbook example of survivorship bias.