Bob is making a decision to buy a new printer.He is reflecting on his previous purchase of office equipment,and based on the savings made,he believes that decision was sound.This is an example of hindsight bias.

Question

Quizplus · Accepted Answer

This is an example of outcome bias, where Bob judges the quality of a decision based on its outcome rather than the decision-making process itself.

Bob Is Making a Decision to Buy a New Printer