Survivorship bias

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The design of legal products
Survivorship bias yet to happen; Lindy effect in progress.

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The structure on the right is 150 years old; it will likely last another 150. The structure on the left is 45 years old, and even though it achieved Grade II listed status[1] it is hard to see it standing as it is much more than another 45.[2]

See also

References

  1. In 2017, 14 buildings including the old HSBC Dale Street branch were listed following an English Heritage project to research and assess commercial buildings in Liverpool between 1964 and 1984.
  2. This is the Lindy effect.