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Hindsight bias distorts our memory of past events from "summary" of Thinking, Fast and Slow by Daniel Kahneman
Hindsight bias distorts the way we remember past events. When we look back on a situation, we tend to believe that we knew all along how things would turn out. This creates a sense of inevitability that changes our memory of what actually happened. We forget the uncertainty and confusion we experienced at the time, and instead convince ourselves that we accurately predicted the outcome. This bias can have significant implications for decision-making. When we misremember our past decisions as being more predictable than they actually were, we become overconfident in our abilities. This can lead us to make risky choices based on faulty assumptions about our own foresight. In reality, we may have simply been lucky in the past, but hindsight bias makes us believe that we possess more knowledge and sk...
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