hindsight bias
/ˈhaɪndsaɪt ˌbaɪəs/
the tendency to see past events as having been predictable
hindsight bias in a sentence
“With hindsight bias, everyone claimed they saw the market crash coming.”
Origin of hindsight bias
Old English hindan from behind + sight, bias from Old French biais slant
Related Words
sunk cost fallacy
continuing a behavior due to previously invested resources
loss aversion
the tendency to prefer avoiding losses over acquiring equivalent gains
framing effect
drawing different conclusions from the same information depending on how it's presented
status quo bias
preference for the current state of affairs
gambler's fallacy
believing that past random events affect future probabilities
recency bias
giving more weight to recent events than earlier ones