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David Lockwood’s Followers (1)
David Lockwood
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Fooled by the Winners: How Survivor Bias Deceives Us
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published
2021
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5 editions
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Outplayed: How Game Theory Is Used Against Us
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Confused by the Odds: How Probability Misleads Us
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Rightsizing Nations
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* Note: these are all the books on Goodreads for this author. To add more, click here.
“In a study of 720 hedge funds that started twenty years ago, only 262 were still operating after the first decade, and only 13 after the second.15 Another study of over one thousand hedge funds showed that from 2004 to 2014, fewer than half that started at the beginning of the period were still in business ten years later.16 As expected, the number of hedge fund closures varies”
― Fooled by the Winners: How Survivor Bias Deceives Us
― Fooled by the Winners: How Survivor Bias Deceives Us
“His greatest academic achievement was the discovery of the theory of statistical decision functions. Today, Wald is known as the founder of sequential analysis. He also published some of the first papers on game theory.2 The methods of sequential analysis he developed were widely applied to the US WWII effort.3 Wald was known”
― Fooled by the Winners: How Survivor Bias Deceives Us
― Fooled by the Winners: How Survivor Bias Deceives Us
“The story of Unit 731 may be the exception: Victor and vanquished colluded to cover up war crimes and genocide carried out with biological weapons.”
― Fooled by the Winners: How Survivor Bias Deceives Us
― Fooled by the Winners: How Survivor Bias Deceives Us
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