Survivorship Bias

A great post from David McRaney about survivorship bias.

Among many interesting nuggets: “A stupid decision that works out well becomes a brilliant decision in hindsight,” and “beware advice from the successful.”

A lot about how luck works and how people typically credit the lucky with skill and quite often draw the wrong conclusions from the success of some while systematically ignoring the failures of many, many others.

This kind of thing is my jam. Oh, and he wrote a book that is even more my jam.

Craig Calcaterra

Craig is the national baseball writer for NBCSports.com. He writes about things other than sports at Craigcalcaterra.com. He lives in New Albany, Ohio with his wife, two kids, and many cats.

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