PSYCHOLOGY OF EMOTIONS

Detailed explanation-1: -hindsight bias, the tendency, upon learning an outcome of an event-such as an experiment, a sporting event, a military decision, or a political election-to overestimate one’s ability to have foreseen the outcome.

Detailed explanation-2: -The hindsight bias is our tendency to look back at an unpredictable event and think it was easily predictable. It is also called the ‘knew-it-all-along’ effect.

Detailed explanation-3: -Example: Hindsight bias Football fans often criticize or question the actions of players or coaches in what is known as “Monday morning quarterbacking.” They often claim they knew the result before the game was over and that the outcome was easily preventable. This is particularly the case after a loss.

Detailed explanation-4: -A model of hindsight bias. This model emphasizes unique interconnections between inputs and consequences with regard to three levels of hindsight bias: memory distortion (“I said it would happen”), inevitability (“It had to happen”), and foreseeability (“I knew it would happen”).