Jerico attended the Kentucky Derby but decided not to bet on any of the horses. When American Pharoah won, he said to his friends, "I should have put money on that horse, because I knew he was going to win!" Jerico's behavior is an example of:

Question

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Jerico's belief that he knew American Pharoah was going to win after the race had concluded is an example of hindsight bias, which is the tendency to believe, after learning an outcome, that one would have foreseen it.

Jerico Attended the Kentucky Derby but Decided Not to Bet