# Abraham Wald
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abraham wald (; German: [valt]; Hungarian: Wald Ábrahám, Yiddish: אברהם וואַלד; (1902-10-31)31 October 1902 – (1950-12-13)13 December 1950) was a Hungarian and American mathematician and statistician who contributed to decision theory, geometry and econometrics, and founded the field of sequential analysis. One of his well-known statistical works was written during World War II on how to minimize the damage to bomber aircraft and took into account the survivorship bias in his calculations. He spent his research career at Columbia University.
Armor the Engine: Why Mimicking Success is a Strategic Trap | Ep #85
Zoran explores the hidden trap of survivorship bias in high-performance environments. Using the classic World War II story of Abraham Wald and the reinforced bombers, this episode explains why mimicking the habits of successful people can be misleading. Learn to identify the "invisible data" of fai…
Deposits, Data Traps, The RTB Black Box & January 2025 Stats
What if “good practice” could quietly override your contract? And what if the rental market data you’re relying on is lying to you… without you realizing it?
In this episode of Bamboo, we dig into the stuff that actually moves the needle for Vancouver landlords, property managers, and investors in…
The Dangers of Survivorship Bias
In the early days of World War II, the U.S. military was losing too many of its planes in battle. To stem the tide, analysts started mapping the bullet holes on the returning planes.
Their plan was to add armor to the specific areas of the planes identified by the exercise.
Based on their analysis,…
Stop Solving the Wrong Problems: The $3M Mistake 95% of Leaders Make Daily with Vandana Piranek
What if every problem you're frantically solving is actually making things worse?
Vandana Piranek spent 25 years watching brilliant teams pour millions into solutions that missed the mark entirely—until a factory worker with a desk fan exposed the fatal flaw in how we think. After surviving a two-w…
816. What Survivorship Bias Can Teach Your Practice
In this episode, Dr. Killeen shares a powerful story from World War II that highlights a common thinking error called survivorship bias. By studying only the planes that returned from combat, analysts nearly reinforced the wrong parts of the aircraft until statistician Abraham Wald pointed out they…
Diary Of A CEO Is Making You Less Successful - Barry's Economics
Diary Of A CEO podcast has 50 million listeners. Any of these Success podcasts - the Steven Bartlett or Chris Williamson types all promise you the secrets, strategies and frameworks of the world's most successful people. How to be Successful.Here's the problem: The science says it can't deliver on …
Camissa Asset Management: WW2 Aircraft & Survivorship Bias
This week, we looked at World War II aircraft and the concept of survivorship bias, focusing on how analysts studied returning bombers riddled with bullet holes. Statistician Abraham Wald highlighted that they were only examining the planes that made it back, not the ones that were lost.
702 Br…
Fairness in Soccer and Clinical Trials
In this episode of "In the Interim...", Dr. Scott Berry investigates the practical meaning of fairness by connecting a controversial World Cup soccer ruling to foundational questions in clinical trial statistics. Scott scrutinizes FIFA’s unusual reversal of a red card suspension for US striker Fola…
164: The Planes That Never Came Home: Inclusion, Retention and the Hidden Curriculum, with Dr Alex Harrison
Most conversations about how to survive a veterinary career is a conversation with the survivors. We interview the vets who are still standing. The vets and nurses who left? Nobody interviews them. In this episode you’ll hear why we should be listening to these voices.
Dr Alex Harrison is a veteri…
I've Watched Genius Comedians Vanish - Here's Why | Barry's Economics
I've been a comedian since I was 15 and in that time I've watched some of the most talented people of my generation become household names. And I've also watched some of the most talented people of my generation disappear completely.Not because they weren't good enough or because they didn't work h…
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