survivorship issues

Survivorship issues refer to the biases that arise when we focus on successful outcomes while ignoring those that failed. For example, if we only study successful companies, we might overlook important factors that led to failure in others. This can skew our understanding and lead to incorrect conclusions about what makes a business successful. Survivorship bias can occur in various fields, including finance, health studies, and historical research, where the focus on only the "survivors" can distort the real picture and result in misguided strategies or beliefs. It’s essential to consider all data, including failures, to gain a complete perspective.