What is Survivor Bias?
In: 1017
Here’s my example: Common saying: “They don’t build cars like they used to.”
Rational: Look at all the old cars people collect. Must mean they made them to last.
They are basing it on the old cars they see and notice. These cars survived as they were collectable and they were taken care of or restored.
They are not taking into account the millions of cars that were manufactured but are now scrap metal. They did not survive. But people don’t notice the ones that did not survive.
Latest Answers