The Tendency to Overestimate How Well We Could Have Successfully

question 180

Multiple Choice

The tendency to overestimate how well we could have successfully forecast known outcomes is called the

• A)confirmation bias.
• B)hindsight bias.
• C)representativeness heuristic.
• D)availability heuristic.

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Definitions:

Social Inequality

Refers to the unfair distribution of resources, opportunities, and rights among different social statuses or groups within a society.

Social Relations

encompasses the interactions and relationships among individuals within a society, influenced by various socio-economic and cultural factors.

Hollywood

The hub of the American film industry, known for its significant influence on global cinema and entertainment.

Wealth

The abundance of valuable resources or material possessions, or the control of such assets.