Link: Survivorship bias and electronic publishing: practically no one is making any money – Boing Boing
Toby Buckell has posted a great piece on “survivorship bias” and new models for electronic publishing. Survivorship bias occurs when we only hear about spectacular success stories, and not the vast number of modest success stories, and the titanic, unbelievable number of failure stories, and therefore conclude that spectacular success is the norm.
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