I hear about survivorship bias, and I hear examples like “Bill Gates dropping out of college is survivorship bias”. I don’t really know how they correlate, or how to think of things with that in mind.
In: Culture
There are 1000’s of college dropouts every year. Even looking specifically at those who drop out to start a business, only a tiny fraction become fabulously successful in spite of that, but those are the ones you hear about. You don’t hear about the ones who ran up credit card debt before his business fizzled out, and he couldn’t afford to return to school so now he works for Geek Squad at Best Buy, or ended up managing a Denny’s. Because you hear about the ones who best survive, it creates a bias thinking it’s easier to succeed even without a degree than it actually is.
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