Peter and Mirta start a new series on cognitive biases!
There are a number of different cognitive biases that have a powerful influence on how you think, feel, and behave. Each episode will touch on a different bias. So make sure you tune in to them all!
This week Peter and Luke talk about the Survivorship Bias, which is a bias that can lead to overly optimistic beliefs because multiple failures are ignored. It can also lead to the false belief that successes in a group have some particular property, rather than just being a coincidence.
For example, if three of the five students with the best college grades went to the same high school, that can lead one to believe that the high school must offer an excellent education when, in fact, it may be just a much larger school instead. This can be better understood by looking at the grades of all the other students from that high school, not just the ones who made the top-five selection process.
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