“Survivorship bias is a form of selection bias that can lead to overly optimistic beliefs because multiple failures are overlooked.”
“Survivorship bias is a form of selection bias that can lead to overly optimistic beliefs because multiple failures are overlooked.”
It took me a while to understand how survivorship bias related to the original post.
What I think it’s saying is: if the previous owner installed heavy armored plating in their kitchen, and I moved in and noticed all of the fork marks in the bedroom carpet, I’d make the false assumption that they only dropped kitchen utensils in the bedroom.
i.e. too much forking in the bedroom, and none in the kitchen.
So if I replace all the flooring, I wrongly install heavy armoured plating in the bedroom and not the kitchen.