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Hindsight Bias: Why You Make Terrible Life Choices - -Nir And Far
Nir And Far: Business, Behaviour and the Brain
Hindsight Bias: Tricking Perception and Decision-Making
Hindsight bias leads us to oversimplify cause and effect, making unpredictable events seem obvious in hindsight. It affects various life events like stock market crashes, weather predictions, and sports outcomes. This bias not only distorts our view of the past but influences decision-making for the future, leading to poor choices. It can make us believe we are better at predicting outcomes than we actually are, ultimately impacting how we perceive the world and ourselves.
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