Hindsight Bias

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🔥NEW Hindsight Bias
Devayani Vyavaharkar, Student (University), India
Let us assume that you had an interview for the post of a Research Analyst at a top firm. After a few days, you get an email from them saying that you have been recruited for that post. Excited and happy, you tell this news to your mother. She suddenly exclaims and says, 'I knew this would happen.' Did she foresee the future? Not really. Instead, it was her gut feeling that you would get the job. Instances like these are bound to happen almost daily. Do we ever imagine why they happen? Such situations are due to the Hindsight Bias. WHAT IS HINDSIGHT BIAS? INTRODUCTION The word Hindsight means understanding an event or a situation only after it has occurred. Hindsight Bias (or creeping determinism or "knew-it-all-along" phenomenon) is people's tendency to falsely assume that they can accurately predict an event's outcome (after the event has occurred) without knowing about it beforehand. Because of Hindsight Bias, people tend to assume that they can correctly predict either positiv (...) Read more? Sign up for free 23-7-2020

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  (...) 23-7-2020

  Biases can Never be Eliminated, Only Managed!
Devayani Vyavaharkar, Student (University), India
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Cognitive Bias
Summary
Forum
Hindsight Bias
Overview of 180+ Cognitive Biases
Survivorship Bias
Best Practices
🥇Stories About Human Biases 😃
🥈Your Customers, Employees, Managers and Stakeholders are all Irrational: Behavioral Economics
🥉How to Avoid Biases in Recruitment and Talent Management
Cognitive Bias Literature
How to Fight Cognitive Bias?
How to Overcome Judgement Noise
Outcome Bias in Decision Making
Perceptions Errors and Cognitive Bias are Similar
What are Heuristics?


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