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:

Implicit

Refers to something that is suggested or implied but not directly expressed.

Explicit

Something stated clearly and in detail, leaving no room for confusion or interpretation.

Publicly Stated

Expressed or declared openly in a public forum or environment.

Shoplift

The act of stealing goods from a shop while pretending to be a customer.