Another Term for Hindsight Bias Is ______

question 24

Multiple Choice

Another term for hindsight bias is ______.

• A) Hubris
• B) I-knew-it-all-along effect
• C) escalation of commitment
• D) overconfidence

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Definitions:

Interest Method

A technique used in accounting and finance to calculate the interest income or expense on bonds and loans over their life.

Unamortized Premium

The portion of the bond premium that has not yet been amortized or allocated as an expense over the bond's life.

Straight-Line Method

A depreciation method that allocates an equal portion of the initial cost of an asset to each accounting period over its useful life.

Amortization

The process of gradually writing off the initial cost of an asset over a period.