Asked by Jaylen Maloy on May 25, 2024
Verified
The __________ is a tendency for the decision maker to overestimate the degree to which he or she could have predicted an event that has already taken place.
Hindsight Bias
The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often oversimplifying the causes and effects.
- Identify the impact of biases and heuristics in the process of making decisions.
Verified Answer
AD
Learning Objectives
- Identify the impact of biases and heuristics in the process of making decisions.
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