The problem with sorting out failures and successes is that failures are often muted, destroyed, or somehow removed from sight while successes are left behind, weighting your decisions and perceptions, tilting your view of the world.
That means to be successful you must learn how to seek out what is missing. You must learn what not to do. Unfortunately, survivorship bias stands between you and the epiphanies you seek.
To learn how to combat this pernicious bias, we explore the story of Abraham Wald and the Department of War Math founded during World War II.
This episode is brought to you by The Great Courses. Get 80 percent off Behavioral Economics: When Psychology and Economics Collide presented by professor Scott Heutell along with many other fantastic lecture series by visiting this link and ordering today!
Support the show directly by becoming a patron! Get episodes one-day-early and ad-free. Head over to the YANSS Patreon Page for more details.