The tendency to overestimate one's ability to have foreseen or predicted the outcome of an event is called the self-serving bias.

Question

Quizplus · Accepted Answer

The correct term for the tendency to overestimate one's ability to have foreseen or predicted the outcome of an event is the hindsight bias, not the self-serving bias. The self-serving bias refers to the tendency for individuals to attribute their successes to internal factors and their failures to external factors.

The Tendency to Overestimate One's Ability to Have Foreseen or Predicted