Which of the Following Is a Correct Explanation for Why

question 109

Multiple Choice

Which of the following is a correct explanation for why the hindsight bias exists?

• A)Once we know the outcome, we pretend we knew it was going to happen in order to make ourselves feel better.
• B)Once we know the outcome, we reinterpret old evidence to make sense of that outcome.
• C)Before we know the outcome, we ignore evidence that contradicts what we believe.
• D)Before we know the outcome, we have too much evidence to consider to make an accurate prediction.

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Definitions:

New York Stock Exchange

A leading global securities exchange where stocks, bonds, and other financial instruments are bought and sold.

Consumer Taste

Preferences and desires of consumers regarding products and services, influencing their purchasing behavior and choices.

Technology

Utilizing scientific principles for practical objectives, notably in the industrial realm.

Outward

Often used in economics to refer to an expansion or increase, such as in outward economic growth, indicating increasing production, income, or development.