survivorship bias
Survivorship bias is a logical flaw that occurs when we focus only on successful examples while ignoring those that did not make it. This can lead to an overly optimistic view of reality. For instance, when assessing successful businesses, we might only study those that succeeded, overlooking countless others that failed. This can create a misleading idea that success is more achievable than it truly is. To avoid survivorship bias, it's important to consider both successes and failures to get a more accurate picture of a situation or trend.
Additional Insights
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Survivorship bias is a logical error that occurs when focusing on successful examples while ignoring those that did not succeed. This can lead to misleading conclusions. For instance, when analyzing successful companies, we might overlook those that failed, which can skew our understanding of what contributes to success. In general knowledge, it’s important to consider both the winners and the losers to gain a complete perspective, as ignoring failures can result in overly optimistic conclusions and a lack of insight into the true challenges and risks involved.