Hindsight Bias: Consequences
If the bias distortion is within limits, hindsight bias makes a normal person confident and self-assured and facilitates decision making.
Rational thinking is impaired with hindsight bias, as one is not inclined towards learning from experience, or having a growth mindset which involves views different from our own.
115
409 reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about problemsolving with this collection
How to create a cosy and comfortable home environment
How to cultivate a sense of gratitude and contentment
The benefits of slowing down and enjoying simple pleasures
Related collections
Similar ideas to Hindsight Bias: Consequences
The Hindsight Bias
A bias that many people including historians, experts and physicians encounter is the hindsight bias, which makes them think they knew how an event would turn out before it happened. It is the tendency for people to perceive past outcomes as having been more predictable ...
Interpretation Vs Reality
Prior knowledge of an event’s outcome anchors the mind towards a certain kind of interpretation of how the event will unfold.
This makes the individual confirm the outcome to fit their existing expectations. If the outcome is entirely different from the expected result, t...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates