Hindsight Bias Causes Us to Believe That We "Knew It

question 74

True/False

Hindsight bias causes us to believe that we "knew it all along" in predicting a surprising event.

---

Definitions:

M-form Organization

A type of business structure characterized by a divisional arrangement, where operations are grouped into semi-autonomous divisions.

Functional Organization

An organizational structure where the company is divided into departments or teams based on functions such as marketing, finance, or production.

N-form Organization

A network structure for organizing a company, emphasizing horizontal communication and collaboration across diverse units.

M-form Organization

A type of organizational structure where a firm is divided into multiple, semi-autonomous units or divisions, each with its own profit responsibility.