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Placeholder Lesson:
** This lesson is generated with AI assistance and approved by Danny Nelson. This lesson will communicate the essence of the topic for now until Danny can create a full lesson. **
Hindsight bias is the tendency to believe, after an event occurs, that it was predictable all along.
People often say “I knew it” even when they did not actually predict the outcome.
This bias makes us overestimate our ability to foresee events.
It can prevent us from learning from mistakes because everything seems obvious in retrospect.
Hindsight alters memory and fosters a false sense of certainty.