Which of the following situations represents an effect of hindsight bias?
A) Jerry rode his bike instead of taking his car to work, then told a co-worker that he had biked in because he knew there would be a car accident holding up traffic along his route.
B) Becky regretted going camping last weekend after she got caught in the rain and said that she would not have gone if she had heard the weather forecast.
C) Gregory took his car to a shop for repairs, then refused to use that shop again when the repair failed to last.
D) Danielle bought shares of stock that lost a great deal of value, but she refuses to sell them, hoping that they will recover and restore her investment.

Question

Quizplus · Accepted Answer

Hindsight bias occurs when someone believes, after an event has occurred, that they had foreseen or predicted the outcome. In choice A, Jerry claims he knew there would be a car accident and that's why he biked to work, which is a classic example of hindsight bias.

Which of the Following Situations Represents an Effect of Hindsight