The hindsight bias is most applicable:
A) when heuristics are NOT employed in decision making
B) to the aspect of good decision making based on who makes the decision (novice or expert)
C) to the aspect of good decision making related to the quality of the outcome (good bad)
D) to the aspect of good decision making related to the expected value "gold standard"

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 most applicable to the aspect of decision making related to the quality of the outcome, as people often believe, after knowing the outcome, that they "knew it all along," regardless of whether the outcome was good or bad.

The Hindsight Bias Is Most Applicable