The Hindsight Bias Affects the Way We View Decision Makers,making

question 59

Multiple Choice

The hindsight bias affects the way we view decision makers,making us more likely to

• A)see their decisions as surprisingly insightful and correct.
• B)blame them for making obviously bad choices.
• C)forgive them for making understandable mistakes in crises.
• D)admire them for handling well those choices we ourselves cannot make.

---

Definitions:

Negative Sign

Generally represents an opposite direction of influence or a decrease in a mathematical or statistical context.

Cross-elasticity of Demand

A measure indicating how the demand for one good responds to a change in the price of another good.

Popcorn

A type of corn kernel which expands and puffs up when heated, commonly enjoyed as a snack.

Potato Chips

Thin slices of potato that are fried or baked until crispy and often flavored.