Today's lesson: Learn from the dead, not from the living. Survivorship bias Survivorship bias can lead to overly optimistic beliefs because failures are ignored, such as when companies that no longer exist are excluded from analyses of financial performance. It can also lead to the false belief that the successes in a group have some special property, rather than just coincidence (correlation proves causality).ย  In finance, survivorship bias is the tendency for failed companies to be excluded from performance studies because they no longer exist. It often causes the results of studies to skew higher because only companies that were successful enough to survive until the end of the period are included.

Dan ChisciotteSoftware Engineer, Physics lover
I was thinking about this a couple of days ago, and you gave me a scientific insight on this idea. Thanks a lot!
21 days ago
Atฤ—nฤ— Strazdas Drozdaitฤ—Interior designer/Survivor/Thinker/Forever learning/ Enthusiast
Dan Chisciotte glad it could aid both of us!
14 days ago

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๐•Š๐•”๐•š๐•–๐•Ÿ๐•ฅ๐•š๐•ค๐•ฅ๐•ค ๐•š๐••๐•–๐•Ÿ๐•ฅ๐•š๐•—๐•ช ๐•˜๐•–๐•Ÿ๐•– ๐•๐•š๐•Ÿ๐•œ๐•–๐•• ๐•ฅ๐•  ๐•ฅ๐•™๐•š๐•Ÿ๐•Ÿ๐•–๐•ค๐•ค ๐•ฅ๐•™๐•’๐•ฅ ๐•ž๐•’๐•ช ๐•™๐•–๐•๐•ก ๐•ฃ๐•–๐•ค๐•š๐•ค๐•ฅ ๐•จ๐•–๐•š๐•˜๐•™๐•ฅ ๐•˜๐•’๐•š๐•Ÿ Let's discuss... 1. What triggered my nerve particularly, is the fact that the research was solely based on the very 1% on population, who stay metabolically healthy thin people, stressing the fact that it is unfair towards the other's, who are putting effort in looking good. I love having to put effort in everything. 2. Maybe this is not exactly what the scientists suggested, however the journalists introduced it in a way that everyone will be able to pig out no matter their health consequences. (This is most meutral article I could find) 3. Thin gene will eventually kill our planet as it already struggles with human activity directed towards our survival, regarding food resources. 4. This will completely destroy the discipline of eating habbits, promote even worse food waste and destroy all the boundaries... 5. Is this definitely something worth researching instead of promoting healthy food choices ? What do you think? Am I too paranoid that humanity will turn this thin gene to their own egoistic advantage?
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Everytime I find more and more reasons to be proud of people from my counntry๐Ÿ™Œ Did you know that! Lithuanianย bajorasย andย artilleryย expert ย Kazimieras Simonaviฤiusย (1600โ€“1651) is an inventor of aย multistage rocket ?๐Ÿ˜ฎ๐Ÿ‡ฑ๐Ÿ‡น
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