The History and Scope of Psychology Module 1

Hindsight Bias is the “I-knew-it-all-along” phenomenon.

We tend to believe, after learning about an outcome, that we would have foreseen it. We knew that the dot.com stocks would plummet, only after they did.

Turn to one or two others and together identify another example of hindsight bias (not in our book)

Hindsight Bias


	OBJECTIVE 2-1\| Describe hindsight bias and explain how it can make research findings seem like mere common sense.
	“Anything seems commonplace, once explained.” Dr. Watson to Sherlock Holmes.
	Two phenomena – hindsight bias and judgmental overconfidence – illustrate why we cannot rely solely on intuition and common sense.