Search results
Results From The WOW.Com Content Network
Hindsight bias, also known as the knew-it-all-along phenomenon[ 1] or creeping determinism, [ 2] is the common tendency for people to perceive past events as having been more predictable than they were. [ 3][ 4] After an event has occurred, people often believe that they could have predicted or perhaps even known with a high degree of certainty ...
Cognitive biases are systematic patterns of deviation from norm and/or rationality in judgment. They are often studied in psychology, sociology and behavioral economics. [ 1] Although the reality of most of these biases is confirmed by reproducible research, [ 2][ 3] there are often controversies about how to classify these biases or how to ...
A self-serving bias is any cognitive or perceptual process that is distorted by the need to maintain and enhance self-esteem, or the tendency to perceive oneself in an overly favorable manner. [1] It is the belief that individuals tend to ascribe success to their own abilities and efforts, but ascribe failure to external factors. [2]
Curse of knowledge. The curse of knowledge is a cognitive bias that occurs when an individual, who is communicating with others, assumes that others have information that is only available to themselves, assuming they all share a background and understanding. [ 1] This bias is also called by some authors the curse of expertise.
Bias blind spot. The bias blind spot is the cognitive bias of recognizing the impact of biases on the judgment of others, while failing to see the impact of biases on one's own judgment. [1] The term was created by Emily Pronin, a social psychologist from Princeton University 's Department of Psychology, with colleagues Daniel Lin and Lee Ross.
Here, hindsight is 20/20 and would have saved Jerome Powell a lot of work. Currently, the Fed is battling inflation back down to a target of 2% after it spiked at 9.1% in June 2022. Currently the ...
Confirmation bias (also confirmatory bias, myside bias, [ a] or congeniality bias[ 2]) is the tendency to search for, interpret, favor, and recall information in a way that confirms or supports one's prior beliefs or values. [ 3] People display this bias when they select information that supports their views, ignoring contrary information, or ...
Only in hindsight do we attach that kind of significance to them. This year happens to be the 35th anniversary of Less Than Zero , which is one of the most famous '80s movies about drug addiction.