Hindsight bias and overconfidence often lead us to overestimate

Question

Quizplus · Accepted Answer

Hindsight bias and overconfidence both involve a tendency to rely too heavily on our own subjective perceptions and beliefs. Under these conditions, it is easy to become overconfident in our intuition, and to think that we have a greater than average ability to predict future events or outcomes. As a result, we may overestimate the accuracy of our intuition and make decisions that are not well supported by objective evidence or logical reasoning.

Hindsight Bias and Overconfidence Often Lead Us to Overestimate