Which of the Following Describes Hindsight Bias

question 7

Multiple Choice

Which of the following describes hindsight bias?

• A) when people judge probabilities on the basis of similarity.
• B) when people judge the probability of an event by the ease of which previous instances come to mind
• C) when two events that can occur separately are seen as more likely to occur together
• D) when people base estimates and decisions on familiar positions and then adjust for the final answer
• E) when people view something that has happened as having been relatively inevitable before it happened

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Definitions:

Worm Gear

A type of gear consisting of a worm (screw) that meshes with a gearwheel, used in mechanisms where large gear reductions are needed.

Preload

A predetermined force applied to a component, such as a bearing on assembly, usually with the objective of preventing unwanted (end) play in operation.

Endplay

The axial movement or float of a shaft or part within its housing, which can be critical for the proper functioning of mechanical systems.

Hydrostatic Systems

Systems that use a liquid under pressure to transfer force or motion, often found in hydraulic machinery and equipment.