The tendency to believe falsely, after an outcome of an event is actually known, that one would have accurately predicted that outcome is known as the confirmation bias.

Question

Quizplus · Accepted Answer

The correct term for this phenomenon is "hindsight bias," not confirmation bias. Confirmation bias refers to the tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.

The Tendency to Believe Falsely, After an Outcome of an Event