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survivorship bias

On Survivorship Bias In Business - FourWeekMBA

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Survivorship bias is a pervasive fallacy that exists in business, where people focus on the few survived players, in any given market, without realizing that most initial players in that given market are dead, or went into oblivion. In short, survivorship bias transforms the past into a linear story, by removing uncertainty from it.
On Survivorship Bias In Business - FourWeekMBA
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