Survival Bias is a form of selection bias whereby we focus on those that succeed or survive and ignore those that don’t.
Whilst focussing only on those that succeed may at first appear logical, the fundamental problem with it is that in doing so you are only looking at half of the story.
Often times it is not what a person or a company does that allows them to succeed, but what they do not do.
And that is the power of analysing those that do not survive.
#biases #businessanalysis #businesssuccess