The tendency to believe falsely, after an outcome of an event is actually known, that one would have accurately predicted that outcome is known as ________ bias.
A) self-serving
B) confirmation
C) impact
D) hindsight
E) anchoring

Question

Quizplus · Accepted Answer

Hindsight bias is the tendency to believe falsely, after the outcome is known, that one would have accurately predicted it. Hindsight bias reduces our ability to learn from the past. It lets us think we are better predictors than we are and can make us falsely confident.

The Tendency to Believe Falsely, After an Outcome of an Event