Which of the following concepts is known as the "I knew it all along" phenomenon?
A) the availability heuristic
B) hindsight bias
C) the overconfidence effect
D) the representativeness heuristic

Question

Quizplus · Accepted Answer

Hindsight bias refers to the tendency of people to overestimate their ability to have predicted an outcome that could not possibly have been predicted. It is often referred to as the "I knew it all along" phenomenon because, after an event occurs, individuals believe they knew the outcome was going to happen, even if they had no basis for predicting it beforehand.

Which of the Following Concepts Is Known as the "I