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The Survivor Bias: A Trap for Managers and CEOs

In the fast-paced world of business, corporate managers and CEOs often find themselves making crucial decisions based on data and analysis. Despite these objective tools, there is an insidious phenomenon that can deceive even the most experienced business leaders, and that is survivor bias (or survivorship bias). This concept, if...
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Stats Gate

Wealthiest People in Russia (February 09, 2024)

As of February 9, 2024, Leonid Mikhelson was the wealthiest person in Russia, with an estimated net worth of 29.0 billion U.S. dollars, followed by Vagit Alekperov (No. 2, $26.5 billion), Vladimir Lisin (No. 3, $26.0 billion); and Gennady Timchenko (No. 4, $25.0 billion). Andrey Melnichenko is the fifth-richest person in Russia, with...
Stats Gate

Wealthiest People in Norway (February 09, 2024)

As of February 9, 2024, Ivar Tollefsen was the wealthiest person in Norway, with an estimated net worth of 7.7 billion U.S. dollars, followed by Andreas Halvorsen (No. 2, $5.9 billion), Odd Reitan (No. 3, $4.7 billion); and Kjell Inge Rokke (No. 4, $4.6 billion). Gustav Magnar Witzoe is the fifth-richest person in...
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Stats Gate

Wealthiest People in China (February 09, 2024)

As of February 9, 2024, Zhong Shanshan was the wealthiest person in China, with an estimated net worth of 62.4 billion U.S. dollars, followed by Colin Zheng Huang (No. 2, $44.6 billion), Zhang Yiming (No. 3, $43.4 billion); and William Ding (No. 4, $33.2 billion). Ma Huateng is the fifth-richest person...
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