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army1987 comments on Open Thread, May 5 - 11, 2014 - Less Wrong Discussion

2 Post author: Tenoke 05 May 2014 10:35AM

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Comment author: [deleted] 06 May 2014 06:39:06PM 0 points [-]

If we look at people who are particularly successful

Survivorship bias alert!

Comment author: Gunnar_Zarncke 06 May 2014 07:13:14PM 1 point [-]

He qualified that by "What's the proportion relative to poor people?" thus not just looking at the survivors.

Comment author: [deleted] 07 May 2014 07:25:04AM 7 points [-]

Imagine a planet with one billion people each of whom has $1000, except the 99,999,990 people who played the lottery and lost and now have $990 each and the 10 people who played the lottery and won and now have $1,000,990 each. 100% of the rich people played the lottery whereas only 10% of the poor people did so, but that doesn't mean playing the lottery was a good idea.