When Perfect Armor Sank an Entire Merchant Fleet

In economics, “survivorship bias” is the logical error of evaluating only the visible successes while completely ignoring the invisible failures that did not make it through a selection process. This bias creates a distorted reality where we focus on the “winners” and mistakenly assume their traits are the secret to success, even though the true fatal flaws are only found in the data that disappeared. By failing to account for the “silent losers,” we often end up protecting the wrong parts of our strategy and overlooking the very risks that lead to total collapse. Understanding this concept is vital for making accurate predictions and avoiding the trap of incomplete evidence.

Видео When Perfect Armor Sank an Entire Merchant Fleet канала City of Finance