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Yes, but that's survivor bias. "I put it all on 27 and spun the wheel! That's clearly the only way to go."
by JoeAltmaier 5y ago
Yes, but that's survivor bias. "I put it all on 27 and spun the wheel! That's clearly the only way to go."
- perl4ever 5y agoAs far as I'm aware, survivorship bias is misestimating the probability of success. It's not inherently bias to disagree about whether a risk is worth taking. The choice depends heavily on the consequences, the relative value of success and failure, not just the probabilities.