Hindsight bias
 
Hindsight bias
The often erroneous but common belief that one could have predicted a past event more accurately than one has done or that in a past situation one would have taken a decision with a better outcome than the one actually taken by someoneelse – can lead to incorrect explanations for the occurrence of events.
 

Also known as the I-knew-it-all-along phenomenon.

 
 
 
Labels: Hindsight bias
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