Which of the following is an example of the hindsight bias as described in the text?
A)Matt explains that he studied the wrong material after he received a bad grade on the test.
B)Meredith overestimates the likelihood of airplane accidents because she can easily recall one that happened recently.
C)Michael thinks that he must wear his lucky gym shorts in order to win the game.
D)John believes that a coin that has landed on heads three times in a row is more likely to be heads the next time it is flipped.

Question

Quizplus · Accepted Answer

Hindsight bias refers to the tendency to believe, after an event has occurred, that one would have foreseen or predicted the outcome. Matt's explanation that he studied the wrong material after receiving a bad grade is an example of this, as he believes he could have predicted the outcome (his bad grade) if he had chosen differently, which is a classic example of hindsight bias.

Which of the Following Is an Example of the Hindsight