Term
Survivorship bias
A thinking trap: we judge a whole group by those who survived and succeeded, and simply do not see the ones who dropped out.
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, Nassim Nicholas Taleb
Explained in
- Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, Nassim Nicholas Taleb
- The Millionaire Next Door: The Surprising Secrets of America's Wealthy, Thomas J. Stanley, William D. Danko
Drawing conclusions only from those who succeeded, while overlooking people who acted similarly but did not prosper.
- The Art of Thinking Clearly, Rolf Dobelli
Drawing conclusions from visible successes while ignoring invisible failures.