So the survivorship bias and the backfill bias would be much, much more of a problem in the hedge fund world.
所以生存偏差和回填偏差,会是对冲基金领域里一个相当重大的问题。
So, we're talking about a group of funds that in aggregate probably produced somewhere in the low teens returns and he's got 11.7% per year combined survivorship bias and backfill bias.
因此我们说这组基金总体上,大概产生了略高于10%的收益率,他算出的数字是每年11.7%,结合了生存偏差和回填偏差。
Then if you adjust for survivorship bias, you end up concluding that the deficit wasn't .3% but the deficit was actually 2%.
那么如果你算上生存偏差,你会发现,缺口不是0.3%,事实上是2%
So the survivorship bias and the backfill bias would be much,much more of a problem in the hedge fund world.
所以生存偏差和回填偏差,会是对冲基金领域里一个相当重大的问题
Then if you adjust for survivorship bias, you end up concluding that the deficit wasn't .3% but the deficit was actually 2%.
那么如果你算上生存偏差,你会发现,缺口不是0.3%,事实上是2%
So,the combination of survivorship bias and backfill bias for that one year made 4.3 percentage points difference.
因此在生存偏差和回填偏差的共同作用下,造成了两个收益率之间4.3%的差值
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