Survivorship Bias in Global Markets

Had to re-read Goetzmann’s classic 1996 paper on world markets today, and thought I should share my favorite table from it. It shows survivorship bias in global market performance.

s-bias

Related posts:

  1. Bias in Electronic Markets, & the Favorite-Longshot Bias
  2. Big Changes in Global M&A Markets
  3. Fun with Global Securities Markets
  4. Decoupled Decoupling, Global Contagion, and Normal Accidents
  5. Global Markets All Pointing to Deflation

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