'Hindsight' bias makes the decision makers falsely believe that they would have accurately predicted the outcome of an event, once that outcome is actually known.

Name: 'Hindsight' bias makes the decision makers falsely believe that they would have accurately predicted the outcome of an event, once that outcome is actually known.
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Question

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Hindsight bias is the tendency to believe, after an event has occurred, that one would have predicted or expected the outcome of that event.

'Hindsight' Bias Makes the Decision Makers Falsely Believe That They