SciShow

Why Psychology Tells Us What We Already Know

Hindsight bias skews our interpretation of events and information, making it seem like they were predictable or just not that surprising. This bias can cause some real problems, but the good news is, once you are aware of it, there are some things you can do to reduce its effects.

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Sources:
https://journals.sagepub.com/doi/abs/10.1177/1745691612454303
https://eis.hu.edu.jo/ACUploads/10643/What%20is%20Behavioral%20Finance.pdf
https://www.researchgate.net/profile/Erich_Kirchler/publication/11284296_Hindsight_bias_in_economic_expectations_I_knew_all_along_what_I_want_to_hear/links/02e7e5176b8de63cde000000/Hindsight-bias-in-economic-expectations-I-knew-all-along-what-I-want-to-hear.pdf
https://www.mja.com.au/system/files/issues/176_06_180302/hug10592_fm.pdf

HINDSIGHT EVIDENCE

Image Sources:
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