{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Curiosity Chronicle","title":"The Dangers of Survivorship Bias","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/25133d7c\"></iframe>","width":"100%","height":180,"duration":564,"description":"In the early days of World War II, the U.S. military was losing too many of its planes in battle. To stem the tide, analysts started mapping the bullet holes on the returning planes.\n\nTheir plan was to add armor to the specific areas of the planes identified by the exercise.\n\nBased on their analysis, they came to the conclusion that reinforcement to the tail, body, and wings would improve their odds of survival.\nBut a young statistician named Abraham Wald raised his hand with a warning:\n\nThey were making a tragic mistake...\n•••\nMel Robbins called my first book \"a powerful wake-up call that will push you to rethink everything about how you’re spending your time.\" \nJoin 400,000+ other readers and get it today on a big sale!\n\nOrder The 5 Types of Wealth Today!","thumbnail_url":"https://img.transistorcdn.com/4nO1oo__jWE5MpZsRfwEO_6q4py16kwv8WwJybce4FA/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzMxOTcwLzE2NzEx/MzU5MDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}