Hindsight bias: Difference between revisions
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imported>Doug Williamson (Create page. Sources: The Treasurer, April 2020, p08, Investopedia https://www.investopedia.com/terms/h/hindsight-bias.asp) |
imported>Doug Williamson (Update final sentence.) |
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This leads to individuals overestimating their ability to forecast future events. | This leads to individuals overestimating their ability to forecast future events. | ||
Hindsight bias is an important failing in poor risk management decisions, and poor investment decisions. | |||
Latest revision as of 14:28, 18 April 2020
Self management and accountability - working effectively with others - cognitive bias.
Hindsight bias is the systematic tendency to retrospectively characterise events as more foreseeable than they actually are.
This leads to individuals overestimating their ability to forecast future events.
Hindsight bias is an important failing in poor risk management decisions, and poor investment decisions.
