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Hindsight Bias refers to the tendency to believe that one could have predicted an event after it has occurred, distorting our judgment of past events.
Hindsight Bias, also known as the 'I knew it all along' phenomenon, refers to the tendency to believe that one could have predicted an event after it has already occurred, even if that prediction would not have been possible.
This bias distorts our judgment of past events, making us think that the outcome was inevitable when, in reality, it was not. It is a common cognitive bias that affects how we perceive past decisions and events.
An example of this bias can be seen in experimental settings where individuals, after learning the outcome of an event, tend to overestimate their ability to have predicted that outcome beforehand.
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