Survivorship Bias, Base Rates, and Librarians
Idea to Startup
00:00
Base Rates Tell a Different Story
Mike Downey: Be weary of survivorship bias and skeptical of tactics that were effective in a different time. Check base rates so you work on something that'll actually have a good chance of working, he says. Every startup that's successful today was able to do it through some means,. But always remember that the interactions are what's important, not the tactic.
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