Hindsight bias refers to the tendency to view events as more predictable than they really were, after they have already occurred. Essentially, people tend to believe that they would have predicted the outcome of an event (such as a political election or a stock market crash) with much greater accuracy than they actually could have. This can lead to distorted views of the past and can also influence future decision-making.

Solved

Hindsight Bias Is

Question 320

Multiple Choice

Hindsight bias is:

A) the tendency in individualistic cultures to explain the behavior of other people by attributing their behavior to internal, personal characteristics.
B) the tendency after an event has occurred to overestimate one's ability to have foreseen or predicted the outcome.
C) the tendency to take credit for successes by attributing them to internal personal causes.
D) the tendency in collectivistic cultures to blame ourselves for our failures while downplaying our successes.

Correct Answer: