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1 day ago · This bias affects how we judge our abilities in many areas, including school, work, hobbies, everyday tasks, and even moral judgments. As a result, we often overestimate how smart, capable, and successful we are. Overconfidence can also interact with other biases. Hindsight bias, aka the "I knew it all along" effect, makes us think we can ...
5 days ago · Hindsight bias is the tendency to overestimate how accurately we can predict the future. When someone shares their story of being scammed, you know the end at the beginning. Hindsight bias is saying, “I would have known all along that it was a scam” when you cannot truly know how you would have responded at the moment. Defensive Attribution.
1 day ago · With the availability bias, we prefer the wrong information to no information. Hindsight bias makes us believe we are better predictors than we actually are, causing us to be arrogant about our knowledge and consequently to take too much risk. There are two types of knowledge. First, we have real knowledge.
4 days ago · CH.2 3 things that might otherwise influence the behavior you're observing are removed from the equation Cons Participants are aware they're being observed when participants know this, they may alter their behavior setting is unnatural Observational Research (cont) Other Cons Observer Bias Observer skews observations based on previous knowledge/bias Inter-rater reliability poor agreement between observers there's always multiple people rating, and you need higher agreement to make sure that ...
2 days ago · Another influencing factor is the “gambler’s fallacy,” where people believe that random events affect each other, and the “hindsight bias,” which makes events seem more predictable after they have occurred. Social biases also pose significant threats to rational thinking.
4 days ago · Kahneman proposed that the result of the shortcuts is the occurrence of a number of biases such as hindsight bias, confirmation bias and outcome bias among others. A key example of fast thinking and the resultant irrational decisions is the 2008 financial crisis.
5 days ago · In hindsight-bias, curse-of-knowledge, and mock-jury-trial paradigms, participants disagree they should ignore the information paying attention to it on purpose, believing they will be more accurate.
