Which of the following is known as the "I knew it all along" phenomenon?
A) the availability heuristic
B) hindsight bias
C) the overconfidence effect
D) the representativeness heuristic

Question

Quizplus · Accepted Answer

The "I knew it all along" phenomenon refers to hindsight bias, which is the tendency to believe, after an event has occurred, that one would have predicted or expected the outcome beforehand. The other answer choices refer to different cognitive biases: the availability heuristic is the tendency to overestimate the likelihood of events based on how easily examples come to mind, the overconfidence effect is the tendency to overestimate one's own abilities or judgments, and the representativeness heuristic is the tendency to make judgments based on how well something matches a prototype or stereotype.

Which of the Following Is Known as the "I Knew