You Are Not So Smart 022 - Survivorship Bias - Megan Price
The problem with sorting out failures and successes is that failures are often muted, destroyed, or somehow removed from view 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, and then we interview Wald's modern-day counterpart, Megan Price, statistician and director of research at the Human Rights Data Analysis Group who explains how she uses math and statistics to save lives and improve conditions in areas of the world suffering from the effects of war.