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Hindsight bias decreases one's rational thinking because of when a person experiences strong emotions, which in turn decreases rational thinking. Another negative consequence of hindsight bias is the interference of one's ability to learn from experience, as a person is unable to look back on past decisions and learn from mistakes.
Hindsight bias: Sometimes called the "I-knew-it-all-along" effect, or the "Hindsight is 20/20" effect, is the tendency to see past events as having been predictable [99] before they happened. Impact bias: The tendency to overestimate the length or the intensity of the impact of future feeling states. [47] Information bias
The hindsight bias is defined as a tendency to change an opinion from an original thought to something different because of newly provided information. [10] Since 1973, when Fischhoff started the hindsight bias research, there has been a focus on two main explanations of the bias: distorted event probabilities and distorted memory for judgments of factual knowledge. [11]
The history of the debate from a critic's perspective is detailed by Gannon (2002). [2] Critics of evolutionary psychology include the philosophers of science David Buller (author of Adapting Minds), [3] Robert C. Richardson (author of Evolutionary Psychology as Maladapted Psychology), [4] and Brendan Wallace (author of Getting Darwin Wrong: Why Evolutionary Psychology Won't Work).
While similar to the hindsight bias, the two phenomena are markedly different. Hindsight bias focuses on memory distortion to favor the actor, while the outcome bias focuses exclusively on weighting the outcome heavier than other pieces of information in deciding if a past decision was correct.
If you've been having trouble with any of the connections or words in Thursday's puzzle, you're not alone and these hints should definitely help you out. Plus, I'll reveal the answers further down ...
Zhang Yazhou was sitting in the passenger seat of her Tesla Model 3 when she said she heard her father’s panicked voice: The brakes don’t work! Stunned, Zhang gazed at the deflating airbag in ...
Examples include the confirmation bias, the self-serving bias, the hindsight bias, and the Dunning–Kruger effect. [91] [92] [93] Some empirical findings suggest that metacognition is an important aspect of rationality. The idea behind this claim is that reasoning is carried out more efficiently and reliably if the responsible thought ...