hindsight bias

Created: 2022-12-27
Status: #soil
Last Edited: 2022-12-27
Topic: mind psychology

What is hindsight bias?

Hindsight bias, also known as the "knew-it-all-along" effect, is a cognitive bias which causes people to overestimate their ability to have predicted an event after it has already occurred.

This phenomenon can lead to an inaccurate understanding of past events and can also lead to faulty decision-making in the future. It is often used in the context of decision making, such as hindsight bias in war strategy.