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One doc tagged with "survivorship-bias"

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Survivorship Bias

Survivorship Bias is the logical error of focusing only on entities that passed a selection process while ignoring those that did not — typically because the failures are less visible. Named after Abraham Wald's World War II analysis of aircraft damage, it leads to false conclusions about what causes success, systematic overestimation of success rates, and catastrophically flawed decision-making when the non-survivors hold the critical information.