What is the tendency for decision makers to falsely believe that they would have accurately predicted the outcome of an event once that outcome is actually known?
A) the hindsight bias
B) the randomness bias
C) the selective perception bias
D) the sunk costs error

Question

Quizplus · Accepted Answer

The hindsight bias is the tendency for people to falsely believe that they would have accurately predicted the outcome of an event once that outcome is actually known.

What Is the Tendency for Decision Makers to Falsely Believe