Mike Crampton's stockbroker has informed him that he has suffered substantial investment losses.When Mike tells his wife,she angrily responds,"I could have told you that your investment plan would fail!" Her comment best illustrates
A) hindsight bias.
B) debriefing.
C) the placebo effect.
D) replication.

Question

Quizplus · Accepted Answer

The wife's comment of "I could have told you that your investment plan would fail" reflects hindsight bias, which is the tendency to believe, after an event has occurred, that one would have predicted or expected the outcome.

Mike Crampton's Stockbroker Has Informed Him That He Has Suffered