3 ms·
As 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.
by perl4ever 5y ago
As 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.