The hindsight bias describes the tendency to
A) accurately recall the events of your own life but not others' lives.
B) reconsider a decision based on new information.
C) mistake a favorable decision as unfavorable.
D) misremember your previous views to fit your current knowledge or beliefs.

Question

Quizplus · Accepted Answer

The hindsight bias, also known as the "I-knew-it-all-along phenomenon," refers to the tendency to misremember one's previous views or judgment to fit with their current knowledge or beliefs. It is a cognitive bias that can make people feel like they knew the outcome of an event all along even though they did not, leading to overconfidence in their abilities to predict future events. Option A is incorrect as the hindsight bias doesn't relate to memory recall of personal events. Option B and C are incorrect as they describe different biases.

The Hindsight Bias Describes the Tendency to