A reference to Jack Butcher's GAS WARS, a collection that highlights Survivorship Bias via 500 simulations of bullets hitting a plane, minted on ARTBLOCKS : https://www.artblocks.io/collection/gas-wars-by-jack-butcher/purchase
"Survivorship bias is a form of selection bias. It occurs when a dataset only considers existing (or “surviving”) observations and fails to consider observations that have ceased to exist.
For example, when investigating the profitability of the tech industry, one has to also study businesses that went bankrupt, rather than only focusing on businesses currently in the market.
Focusing on a subset of your sample that has already passed some sort of selection process increases your chances of drawing incorrect conclusions. “Surviving” observations may have survived exactly because they are more resilient to difficult conditions, while others have ceased to exist as a result of those same conditions."
(Source : "What Is Survivorship Bias? | Definition & Examples" Published on October 4, 2022 by Kassiani Nikolopoulou)
300 DPI CIS Scan - PNG CC0 PUBLIC DOMAIN