Survivorship Bias – Examples, Definitions, and String Art – Cognitive Biases

The Survivor Bias, also know as the survival or survivorship bias, is a commonly committed cognitive bias in the field of business and science. When people make assumptions from data without understanding where all the data is coming from, they are falling victim to a great example of a survivorship example. We will give the definition along with a few examples and best way to avoid this cognitive poison in this video. Many of those who make financial investments, especially mutual funds pick investments that have been successful in the past without evaluating all of the funds in the same demographics. I create the practical psychology logo in string art and teach you how to also in this video. Some samples that most people observe may be biased or incomplete in ways you never thought.

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