Prevalence-incidence bias -- a form of selection bias in case-control studies attributed to selective survival among the prevalent cases (i.e., mild, clinically resolved, or fatal cases being excluded from the case group) (also called Neyman's bias).
Introduction to Epidemiology 5th Ed.
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In a failure time analysis, we sometimes observe additional study subjects who enter during the study period. These late entries are treated as left-truncated data in the statistical literature. However, with real data, there is a substantial possibility that the delayed entries may have extremely different hazards compared to the other standard subjects.
Both are terms used to describe sources of selection bias. Perhaps the distinction is based upon the type of methodology being utilized. The late-look bias seems to be primarily used when describing selection bias in cross-sectional studies.