The image is a reference to the seminal work done by statistician Abraham Wald in World War II: the military planned to add armor to the parts of bombers that had the most bullet holes; Wald noted that only bombers that survived their mission could be examined, which means the parts without bullet holes were actually the most vulnerable and needed armor. This is called “survivorship bias”
Stratechery Daily Update 2017-01-03, January 3, 2017 at 11:31PM
I’m surprised how widespread the Survivorship bias is, even 70 years after its discovery.
It means understanding the product, understanding why our customers are using us and even more important why they are not using us or are not happy.
Every engineer is a product person, January 4, 2017 at 05:12PM
Stuff like this is why I admire TransferWise, as a company, so much. Continue reading Products, customers, and decisions
Oh, and this was my little helper. And by helper, I mean she smiled and giggled at all the old ladies and got us free stuff and bits of extras.
See, it’s handy to have a helper hanging around.
5 Random Things I Did This Weekend, December 28, 2016 at 05:42PM
Continue reading Handy little helper
In defining “fake news” so broadly and seeking to dilute its meaning, they are capitalizing on the declining credibility of all purveyors of information.
Over the years, we’ve effectively brainwashed the core of our audience to distrust anything that they disagree with.
Wielding Claims of ‘Fake News,’ Conservatives Take Aim at Mainstream Media, December 28, 2016 at 04:23PM
Continue reading Right wing playbook for media
“Whenever my costume designer presents my heroine in a knee-length outfit, I’d ask him to cut it short. If my heroine gets angry, I’d tell her the audience haven’t paid so much for nothing,” he said.
Tamannaah Bhatia praised for standing up to ‘sexist’ filmmaker Suraj – BBC News, December 27, 2016 at 11:46PM
As a set of beliefs that emerged at the start of the 19th century to oppose both the despotism of absolute monarchy and the terror of revolution, liberalism warns that uninterrupted power corrupts. Privilege becomes self-perpetuating. Consensus stifles creativity and initiative. In an ever-shifting world, dispute and argument are not just inevitable; they are welcome because they lead to renewal.
How to make sense of 2016, December 27, 2016 at 11:32PM
Throughout its life, the rate of 91 per cent was a public tranquilizer, making everyone in the lower bracket feel fortunate not to be rich, and not hurting the rich very much.
Business Adventures: Twelve Classic Tales from the World of Wall Street, by John Brooks