The oft heard "I knew it all along" comment that many people make illustrates the

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The statement "I knew it all along" reflects hindsight bias, which is the tendency to believe that one's own predictions or judgments were more accurate than they actually were, after the outcome is known. This bias often arises when individuals overlook information that was inconsistent with their original prediction or when they selectively remember information that supports their view. Choices A, B, and D are not accurate descriptions of this phenomenon. Confirmation bias refers to the tendency to seek out or interpret information in a way that confirms one's own pre-existing beliefs or assumptions. The framing effect refers to the tendency for people's judgments or decisions to be influenced by the way in which information is presented or framed. Self-serving bias refers to the tendency for individuals to take credit for their successes and blame external factors for their failures.

The Oft Heard "I Knew It All Along" Comment That