Self-Selection Bias
Definition
- A form of selection bias observed in statistical analysis when an individual volunteers for selection into a sample group. Self-selection can lead to irregular or unwanted conditions in the group.
Synonyms
self-elected partiality, leaning towards willing participants opinions
Related Terms and Acronyms
- Concealment — Definition,
- The act of lying or omitting information when applying for insurance coverage.
- Selection Bias — Definition,
- A statistical error made when non-random data is added into a dataset.
- Survival Analysis — Definition,
- A statistical analysis of how likely someone or something will survive to a set date.
- Ultimate Mortality Table — Definition,
- A mortality table that does not include information from people who have been approved for life insurance recently.
- Unsolicited Application — Definition,
- An application for insurance made directly by an individual as opposed to an application made by a broker or agent.
