I imagine that (the author hints at this), to do this rigorously, spelling out assumptions etc, you’d have to build off theoretical frameworks used to inductively synthesize/qualify interviews and texts, currently around in history and the social sciences.
The article makes a comparison to financial backtesting. If you form a dataset of historical prices of stocks which are _currently_ in the S&P500, even if you only use price data before time t, models trained against your data will expect that prices go up and companies never die, because they've only seen the price history of successful firms.
mountainriver•2h ago