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RE: Swimming in it

in LeoFinance2 years ago

Survivor bias. I remember once reading about a study, where the researchers asked elderly people in a nursing home their biggest regrets. The top two were that they wish they'd taken more risks, and that they wish they'd spent less time focused on work.
So the few cautious people who survived into their dotage, the ones who worked hard enough to afford a nursing home; were the only ones surveyed.
Can't ask the people who died skydiving at 30 about their relationship with risk; or the ones destitute and homeless in their 80's, about their devotion to work.
"Who wasn't around to be surveyed"? should be the first question you ask.

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Yes - I have read about the same study. People quote it as if it is an example of how to live a life, but walk away with the wrong lesson!