How the Survivor Bias Distorts Reality

Finally , My August installment for my Scientific American column is here. With this elegant delay, here it is:

Trying to understand what made the mercurial genius so successful. Want to be the next Steve Jobs and create the next Apple Computer? Drop out of college and start a business with your buddies in the garage of your parents’ home. How many people have followed the Jobs model and failed? Who knows? No one writes books about them and their unsuccessful companies. But venture capitalists (VCs) have data on the probability of a garage start-up becoming the Next Big Thing.

Read it all Here

Survivor bias

Survivor bias

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s