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And as usually the case when people brought up selection bias, or survivor bias, you made the assumption that he only studied the successful. He never said he d
by relativ575 4y ago
And as usually the case when people brought up selection bias, or survivor bias, you made the assumption that he only studied the successful. He never said he did.
I agreed that most attempts to invent new industries ended up in failure, by either crazy or regular people. That's because it's insanely hard to do so in the face of competition by the incumbents, not to mention going against the opinion of logical and well reasoning smart people, who are of course right 99.9 % of the time. For those who succeeded however, they are crazy -- as defined by the author -- most of the time. I think that's what the author intends to convey. If you can think of any new industry that invented by "normal" people who work within the system, I'd love to hear.
- civilized 4y agoI am discussing what was actually written - that is what "study" refers to in my comment. The article talks about only the successful. I see no point in speculating about what the author may have thought about but omitted from the article.