The hindsight bias occurs when knowledge of an outcome influences our belief about the probability that we could have predicted the outcome earlier.

Question

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The hindsight bias occurs when knowledge of an outcome influences our belief about the probability that we could have predicted the outcome earlier. We are affected by this bias when we look back on a decision and try to reconstruct why we decided to do something.

The Hindsight Bias Occurs When Knowledge of an Outcome Influences