outcome bias
/ˈaʊtkʌm ˌbaɪəs/
judging a decision by its result rather than by the quality of the decision
outcome bias in a sentence
“Outcome bias: praising a risky bet that paid off despite it being statistically foolish.”
Origin of outcome bias
Middle English out out + come + bias
Related Words
selection bias
distortion from non-random sample selection
belief perseverance
maintaining beliefs despite contradictory evidence
base rate neglect
ignoring general prevalence when evaluating specific probabilities
conjunction fallacy
judging a combination of events as more likely than a single event
representativeness heuristic
judging probability by similarity to a prototype
zero-risk bias
preferring complete elimination of risk over greater overall reduction