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Why survivor bias is a major pitfall and how to avoid it

Fooled by the Winners: How Survivor Bias Deceives Us

Survivor bias is a type of cognitive error that can lead to faulty decision-making. This bias can be dangerous because it can cause us to overlook potential red flags and make poor decisions based on inaccurate information. So how can we avoid it? Below, we will discuss some ways to minimize the effects of survivor bias and make better decisions based on the information that’s available. What is survivor bias and how can it affect our thinking? Survivorship bias occurs