Question

Mike smith's stockbroker has informed him of substantial investment losses. when mike tells his wife, she angrily responds, "i could have told you that your investment plan would fail!" her comment best illustrates which form of bias?

Answer 1

Her comment is best on the hindsight bias. This type of bias is known as the knew-it-all-along by which the after the event has occurred, the person was able to determine and see the events or the individual were able to predict the event that had occurred before it could even happen.