Question

The problem with hindsight bias is that it is "after the fact." in other words, hindsight bias does not help us:

Answer 1

The problem with the concept of hindsight bias can be seen in the idea that looking at something in retrospect only allows one to learn from past mistakes. However, what it does not allow, is the ability to alter the actions that were taken in hindsight, and consequently the outcomes which would result from these decisions.