Ahmad was upset.The new product line that he introduced last year has been a total failure.At the time that he had made the decision to go ahead with it,the economy was strong.However,shortly after the line was launched,the economy weakened sharply,and this contributed to its failure.He felt that he should have seen the downturn in the economy coming,and,thus,he should not have launched the new product line.Ahmad is experiencing
A)overconfidence bias.
B)hindsight bias.
C)randomness error.
D)winner's curse.
E)confirmation bias.

Question

Quizplus · Accepted Answer

Ahmad is experiencing hindsight bias, as he is looking back on the decision and believing that he should have seen the downturn coming, even though it was unforeseeable at the time the decision was made.

Ahmad Was Upset