My old Volvo is 43 years old and has never had engine or transmission changed. It’s gone for 350,000 km and is still going strong. Is probably worth somewhere in the region of $2k. I don’t see any of the cars made today managing the same feat.
Here’s the summary for the wikipedia article you mentioned in your comment:
Survivorship bias or survival bias is the logical error of concentrating on entities that passed a selection process while overlooking those that did not. This can lead to incorrect conclusions because of incomplete data. > Survivorship bias is a form of selection bias that can lead to overly optimistic beliefs because multiple failures are overlooked, such as when companies that no longer exist are excluded from analyses of financial performance. It can also lead to the false belief that the successes in a group have some special property, rather than just coincidence as in correlation “proves” causality.> Another kind of survivorship bias would involve thinking that an incident happened in a particular way because the only people who were involved in the incident who can speak about it are those who survived it. Even if one knew that some people are dead, they would not have their voice to add to the conversation, making it biased.
My old Volvo is 43 years old and has never had engine or transmission changed. It’s gone for 350,000 km and is still going strong. Is probably worth somewhere in the region of $2k. I don’t see any of the cars made today managing the same feat.
That’s straight up survivorship bias
Here’s the summary for the wikipedia article you mentioned in your comment:
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