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Are we on American Idol?

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Re: Are we on American Idol?

#11
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post #9

I would attribute a lot of that to survivorship bias - we usually only hear about successes. (Nobody likes to talk about failures.) That leaves us with the impression that successes are a lot more common than they really are. Also, hope and optimism are very deeply entrenched in human psychology. Even when we know the odds are hopelessly stacked against us, we refuse to "stop believing in ourselves".

A similar example comes to mind from Stephen E. Ambrose's book "Band of Brothers". He interviewed WW2 veterans who talked about how every soldier going into combat for the first time believes that he's going to survive. It's only when he actually starts to see his comrades fall that he realizes "I might actually die here". As he is exposed to more and more death, that gives way to a feeling of "I'm going to die here"…

Love the analogy. Thanks for sharing.

Re: Are we on American Idol?

#12
post #2

This is actually a great analogy that I'll use in the future when I meet people who think they're the next Mark Zuckerberg. Statistically speaking, I'd bet someone entering American Idol is more likely to win than a startup is likely to become a unicorn. (Also -- it's fine and normal to cry if your startup fails. For many or most, it will even result in clinical depression.)

I cry sometimes and my startup is growing :')
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