______ bias arises when the returns of unsuccessful funds are left out of the sample.

Name: ______ bias arises when the returns of unsuccessful funds are left out of the sample.
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Question

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Survivorship bias occurs when unsuccessful funds are not included in the dataset, which leads to an overestimation of their returns. This happens because fund managers tend to close underperforming funds, which results in only successful funds being included in the sample.

______ Bias Arises When the Returns of Unsuccessful Funds Are