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Availability Bias
As often heard, the simplest explanations tend to be the most likely, and the more difficult it is for us to imagine an outcome, the less likely it is. Any new information then tends to be processed by the prior judgements and speculations, making our justifications solidify in our minds.
Example: When a couple breaks up, the small problems or quarrels noticed earlier seems to indicate that the breakup was obvious and expected. The same problems were not highlighted by the brain if the couple was together.
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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 ...
136
607 reads
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...
126
701 reads
Hindsight Bias
Hindsight bias is a false belief that our judgement is better than it actually is when we look back and see the events. Reality appears more predictable after an event happens. This is also known as the ‘Knew-it-all-along effect’.
This bias makes people less accountable fo...
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1.14K reads
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