Module 2 covers hindsight bias. This video digs deeper. Watch the video on hindsight bias. 1. What is hindsight bias? 2. When have you experienced hindsight bias in your life? 3. Have you experienced any of the other terms explained in the video? Post your response (minimum 100 words) and contribute to another student's post. The discussion board will be graded within 5 working days of the due date. See "Discussion Instructions \& Expectations" for grading criteria.
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Hindsight bias, often dubbed the "I-knew-it-all-along" effect, is the tendency for people to see events as having been predictable after they have already occurred. This cognitive bias can lead to an overly simplistic understanding of how events unfold and can cloud our judgment about the role of luck or chance in outcomes. I've experienced this bias after major sports events; I would confidently assert that I knew the winning team would triumph, despite my doubts before the game started. Additionally, this reflective misinterpretation isn't just limited to personal experiences; it can creep into fields like education and medicine, where it might skew our assessments of decisions or predictions. Recognizing hindsight bias can help us improve decision-making and foster a more realistic view of predictions!