_____ refers to the process in which individuals adjust their memory for something after they find out the true outcome.
A)Outcome bias
B)Information bias
C)Hindsight bias
D)Congruence bias

Question

Quizplus · Accepted Answer

Hindsight bias refers to the tendency for individuals to adjust their memory or perception of events based on the knowledge of the true outcome, making it seem more predictable than it actually was. This phenomenon can lead to overconfidence and difficulty learning from past experiences. Outcome bias refers to the tendency to evaluate a decision based on the outcome, rather than the quality of the decision-making process. Information bias refers to the tendency to seek out information that confirms pre-existing beliefs or preferences. Congruence bias refers to the tendency to selectively focus on information that is consistent with one's beliefs or expectations while ignoring information that is inconsistent.

_____ Refers to the Process in Which Individuals Adjust Their