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Alternative Hypotheses For Hindsight Bias
The hindsight bias is so entrenched and common that it is not possible to completely get rid of it, even if the individual is aware and has the intention of removing the bias.
Looking at alternative facts, checking the anomalies and your own assumptions can reduce the bias to some extent.
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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 vi...
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The Factors Behind The Hindsight Bias
- Selective Activation And Reconstructive Anchoring (SARA): Only remembering the information partially and using the same as a memory anchor to reactivate the (altered) memory when new information arrives.
- Reconstruction After Feedback (RAFT):
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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 ...
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Protection From Hindsight Bias
For protection from the hindsight bias, we can discipline ourselves to make explicit decisions based on actual, known facts, in a recorded process.
Having an explicit, written documentation can ensure that we and the external observers were objective in the decision, and ...
The Bias Blind Spot
This is the failure to recognize the impact of bias on your own judgment.
Despite the extensive research and data supporting the existence of our cognitive biases, many of us disagree and even ignore the effects of bias in our lives even when we’re fully aware of it.
How to reduce the egocentric bias
- Develop an awareness of the egocentric bias. It will help you to understand why people act in certain ways.
- Explore alternative viewpoints. Viewing a situation from another person's perspective can reduce the effects of the egocentric bias.
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