Once the outcome of a negotiation was clear,Jon,reflecting on the different occurrences along the way,felt that he had indeed seen it coming.Which of the following terms best defines this thought process?
A) clustering illusion
B) hindsight bias
C) anchoring bias
D) confirmation bias

Question

Quizplus · Accepted Answer

Hindsight bias is the tendency to believe, after an event has occurred, that one would have predicted or expected the outcome beforehand. In this case, Jon believed that he had seen the outcome coming all along. Clustering illusion is the perception of a pattern in a random sequence. Anchoring bias is the tendency to rely too heavily on the first piece of information encountered. Confirmation bias is the tendency to interpret new evidence as confirmation of one's existing beliefs or theories.

Once the Outcome of a Negotiation Was Clear,Jon,reflecting on the Different