Hindsight Bias
(reading time – 30 sec.)

Hindsight bias is the tendency to believe, after an event has occurred, that one would have predicted or expected the outcome.

For example, after a sports team wins a championship, fans and analysts may claim they knew the team would win all along, even if they didn't actually have that level of confidence before the event took place. Another example is a stock market investor who claims they knew a particular stock would rise in value after it has already gone up, even though they may not have made that investment before the rise occurred.

Hindsight bias can lead to overconfidence in one's ability to predict future events and a distorted view of past events.

Topic: #CognitiveBiases
Source: www.wikipedia.org