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OceanGate CEO Bragged About Using Expired Carbon Fiber to Build Doomed Sub (futurism.com)

submitted 1 year ago by [email protected] to c/[email protected]

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New evidence strongly suggests that OceanGate's submersible, which imploded and killed all passengers on its way to the Titanic wreck, was unfit for the journey. The CEO, Stockton Rush, bought discounted carbon fiber past its shelf life from Boeing, which experts say is a terrible choice for a deep-sea vessel. This likely played a role in the submersible's tragic demise.

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[–] [email protected] 23 points 1 year ago (1 children)

There was a study done on this kind of mentality. Researches invited pairs of players and before each game flipped a coin to designate one player rich and the other poor. The rich player was then given more money and an easier set of rules. At the end of the game they interviewed the player that inevitably won, and in all cases the players reported that they won because of key decisions they made while playing. Not one mentioned they got lucky with the coin flip.

Summary and interview with a researcher: https://www.marketplace.org/2021/01/19/why-rich-people-tend-think-they-deserve-their-money/amp/

Study (pdf): https://studenttheses.universiteitleiden.nl/access/item%3A2661526/view

[–] [email protected] 10 points 1 year ago (1 children)

I'm surprised this isn't a named sort of cognitive bias. I think there's a related thing where we humans tend to cite external causes outside our control when we are unfortunate or make mistakes, and we tend to cite our own virtues when we are fortunate and successful.

[–] [email protected] 9 points 1 year ago* (last edited 1 year ago)

I think this would be considered Self-serving bias.