Which of the Following Statements Is True Regarding the Hindsight

question 2

Multiple Choice

Which of the following statements is true regarding the hindsight bias?

• A) It indicates a tendency to fixate on initial information and fail to adequately adjust for subsequent information.
• B) It indicates that we seek out information that reaffirms our past choices, and we discount information that contradicts them.
• C) It indicates our tendency to base judgments on information readily available.
• D) It indicates our tendency to believe falsely, after the outcome is known, that we would have accurately predicted it.
• E) It indicates our tendency to draw a general impression about an individual on the basis of a single characteristic, such as intelligence.

---

Definitions:

Conglomerate Era

A period in media history starting in the late 20th century where large corporations acquired many media companies, affecting diversity in film and television production.

Independent

A term used to describe films produced outside of the major film studio system, often characterized by lower budgets and more personal, innovative content.

Blockbuster

Big-budget movie spectacles that have come to dominate studio release slates since 1980. Blockbusters are defined by what they look and sound like and by the endeavor itself—by the amount of cash poured into each production and into advertising and promotion, and then by the astonishing revenues earned at the box office.

Corporate Buyouts

Transactions where a company is purchased outright, typically resulting in significant organizational and operational changes.