Survivorship Bias (#385)

Understanding this statistical principle will help you learn lessons from success and failure

As we navigate today's data-rich landscape, we’re often too inclined to take information at face value. This is especially tempting when it's a case study packaged with a clever headline—for example, “Here’s The One Thing All Successful CEOs Have In Common.” As we sift through a constant stream of best practices and bold proclamations, it’s important to…