Confoundle · a reasoning trap
Survivorship bias
It's easy to study the winners, the survivors, the successes, the things still standing, and copy what they have in common. But the failures are invisible: they dropped out of the data. Whatever helped the survivors survive looks far more powerful than it is, because you never see everyone it didn't save. Before copying the winners, ask who's missing.
The rule
When you only look at the winners, the failures become invisible, and they often hold the real lesson.
What it looks like
Why it works
Survivorship bias creeps in whenever your data has quietly been filtered to keep only the things that “made it”: returning planes, funds still trading, companies still around. You never see the ones that failed and dropped out, and because the survivors share whatever helped them survive, that trait looks far more common, or more effective, than it really is. The fix is to hunt for the missing group and ask what the full picture would show. (The real Wald did more than point at a diagram: he built a statistical method to estimate each part's vulnerability from the survivors' damage.)
Source
See if it fools you
This page gives the answer away. The puzzle version shows you the same figures first and asks you to commit before the reveal.
Play this one