Which of the Following Is the Best Example of Hindsight

question 103

Multiple Choice

Which of the following is the best example of hindsight bias?

• A)Being careful in a new relationship because you've been hurt in the past.
• B)Being confident when placing a bet on a sporting event.
• C)Changing your opinions on important issues as you get older.
• D)Reading your horoscope at the end of the day and deciding it was accurate.

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Definitions:

Industry Databases

Collections of data and information about various industries and businesses, often used for market research, competitive analysis, and strategic planning.

Lag Indicator

A metric that reflects the outcomes or results following the occurrence of an event or change within a system or process.

Profitability Each Trip

The measure of how much profit is generated from each individual trip or journey, commonly used in transportation and logistics.

Number New Passengers

Number new passengers typically refers to the count of first-time or newly acquired passengers by a transportation service within a specific timeframe, representing growth or expansion.