When I saw that the Reading Rainbow Kickstarter hit $1 million in less than a day

When I saw that the Reading Rainbow Kickstarter hit $1 million in less than a day

A question should be forming in the front of your brain at this point. If the top brass of the United States armed forces could make such a simple and dumb mistake while focused on avoiding simple and dumb mistakes, thanks to survivorship bias, does that mean survivorship bias is likely bungling many of your own day-to-day assumptions? The answer is, of course, yes. All the time.  Simply put, survivorship bias is your tendency to focus on survivors instead of whatever you would call a…

A question should be forming in the front of your brain at this point. If the top brass of the United States armed forces could make such a simple and dumb mistake while focused on avoiding simple and dumb mistakes, thanks to survivorship bias, does that mean survivorship bias is likely bungling many of your own day-to-day assumptions? The answer is, of course, yes. All the time. Simply put, survivorship bias is your tendency to focus on survivors instead of whatever you would call a…

Craps against the high-rolling dark siders

100 Stunning Photos That Freeze Time With a Fast Shutter - Tuts+ .

"5 Common Mental Errors That Stop You From Making Good Decisions"  The Confirmation Bias: "Confirmation bias refers to our tendency to search for and favor information that confirms our beliefs while simultaneously ignoring or devaluing information that contradicts our beliefs."

5 Common Mental Errors That Stop You From Making Good Decisions

Survivorship Bias

The Misconception: You should focus on the successful if you wish to become successful. The Truth: When failure becomes invisible, the difference between failure and success may also become invisib.

The Misconception: You should focus on the successful if you wish to become successful. The Truth: When failure becomes invisible, the difference between failure and success may also become invisib...

The Misconception: You should focus on the successful if you wish to become successful. The Truth: When failure becomes invisible, the difference between failure and success may also become invisib…

“If one were to attempt to identify a single problematic aspect of human reasoning that deserves attention above all others, the confirmation bias would have to be among the candidates for consideration. Many have written about this bias, and it appears to be sufficiently strong and pervasive that one is led to wonder whether the bias, by itself, might account for a significant fraction of the disputes, altercations, and misunderstandings that occur among individuals, groups, and nations.”

YANSS Podcast 018 – How Benjamin Franklin dealt with haters « You Are Not So Smart

Survivorship Bias: studying successes, when the critical learning comes from failures. (This is why venture capitalists value failure.) EXAMPLE: WWII bomber armor placement: The holes in the surviving planes reveal the locations that needed the least additional armor. Look at where the survivors are unharmed, he said, and that’s where the bombers are most vulnerable; that’s probably where the planes that didn’t make it back were hit.

Survivorship Bias and hiding failures

Fitness Professionals Fail to Understand Survivorship Bias

Fitness Professionals Fail to Understand Survivorship Bias

The Survivorship Bias convinces people that psychics are real

The Survivorship Bias convinces people that psychics are real

Which Halloween Costume Should You Wear? Ghostbusters but well maybe

Survivorship Bias (Error)

Survivorship Bias (Error)

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