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Hindsight Bias

Hindsight Bias

Parent term
Behavioral Economics

When looking back in time,it seems so easy to make right decision retrospectively , but in reality making decision at that time was not easy

  • Decisions seem easier after you have all the information, but when you had to make the decision you had imperfect informatino


Examples:

  • IN 2018 it seems like it was an easy decision to buy apple stock in 2002, but in reality it wasn't an easy decision at the time

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