Question

Harold decided that it was time to invest his money. He was quite excited and told his wife about his new financial venture. She was very supportive. A year later, when five of the six companies he invested in went bankrupt, Harold's wife's response was, "There was no way either one of us could have predicted this outcome." She is NOT engaging in:_______.

Answer 1

Answer: Hindsight bias

Explanation:

Hindsight bias is used to describe the tendency of people overestimating their ability to having an outcome that was never thought of.