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Professor Smith told one class that drinking alcohol has been found to increase sexual desire.He informed another class that drinking alcohol has been found to reduce sexual appetite.The fact that neither class was surprised by the information they received best illustrates the power of
Justification of Effort
The tendency to attribute a higher value to outcomes that require a greater amount of effort to achieve.
Hindsight Bias
The tendency to believe, after learning an outcome, that one would have foreseen it, also known as the "I-knew-it-all-along" effect.
Overestimate
To assess something as greater, larger, or more important than it actually is.
Predicted
Expected or forecasted based on current data or trends.
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