Hindsight bias

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.

See also

• Behavioural economics
• Cognitive bias
• Dunning-Kruger effect
• Objectivity
• Optimism bias
• Risk management
• Self-investment bias
• Self management and accountability
• Working effectively with others