Bob works in a local sporting goods company.He spent the day telling his colleagues that he knew that the company was going to lose the account to their chief rival and kept telling everyone what he would have done to avoid it.He never mentioned his strategies before the loss of the account.Bob seems to suffer from hindsight bias.

Question

Quizplus · Accepted Answer

Hindsight bias refers to the tendency to believe, after an event has occurred, that one would have foreseen or predicted the outcome. In this case, Bob is exhibiting this bias by claiming that he knew what should have been done to avoid losing the account after the fact.

Bob Works in a Local Sporting Goods Company