Survivorship Bias
Tag Archive
(Excerpt from The Psychology of Money by Morgan Housel) …focus less on specific individuals and case studies and more on broad patterns. Studying a specific person can be dangerous because we tend to...
September 26, 2020|
Luck, Randomness, Success, Survivorship Bias
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(Excerpt from Beware of Advice by Derek Sivers) When successful people give advice, I usually hear it like this: “Here are the lottery numbers I played: 14 29 71 33 8. They worked for me!” Success is based on so...
August 9, 2020|
Life, Survivorship Bias
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(Excerpt from Fooled by Randomness by Nassim Taleb) we often have the mistaken impression that a strategy is an excellent strategy, or an entrepreneur a person endowed with “vision,” or a trader a talented trader,...
September 19, 2019|
Randomness, Survivorship Bias
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(Excerpt from Fooled by Randomness by Nassim Taleb) There are other aspects to the monkeys problem; in real life the other monkeys are not countable, let alone visible. They are hidden away, as one sees only the...
September 14, 2019|
Survivorship Bias
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(Excerpt from Fooled by Randomness by Nassim Taleb) The initial sample size matters greatly. If there are five monkeys in the game, I would be rather impressed with the Iliad writer, to the point of suspecting him to...
September 14, 2019|
Investing, Randomness, Survivorship Bias
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