Question

The tendency to overestimate our ability to have forseen an outcome after we already know what that outcome is, is referred to as _______.
A.the self-fulfilling prophecy

B.the self-serving bias

C.perseverance effect

D.hindsight bias

Answer 1

Answer: D. hindsight bias

Explanation: hindsight bias is described as a psychological even in which people tend to overestimate their own ability to have predicted an outcome, an outcome that they would not have been able to predict before the event took place as a result, it can lead individuals to believe that an event was more predictable than it actually was, leading to oversimplification in cause and effect. It demonstrates demonstrates how recently acquired information influences the ability to recollect past information. This cause faulty memory.