Hindsight Bias In Decision Making

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As individuals we are faced each and every day with making decisions, some decisions can be as easy as deciding what color shirt to wear for the day or a career change. Not everyone can decide effortlessly, while one individual may decide what they desire to do in a matter of seconds, there are plenty of others that are faced with the burden for days, even months. Making a decision that can have lasting consequences is the most difficult of them all. Additionally, there can be outside factors, which can influence this process, for example hindsight bias. Hindsight bias is how individuals are inclined to predict the outcome after the results have been given, despite if there was little prediction towards it.
According to Calvillo (2013) hindsight
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“Recent research suggests that the hindsight bias is the result of inferences made from feelings of confidence or perceptual fluency” (Bradfield & Wells 2005). Discussed in “Outcome information distorts a broad range of retrospective judgments”, there are two levels of explanation for hindsight bias. When hindsight bias is out of the awareness of the individual, then this comes from an “automatic phenomenon”. On the other hand, when individuals show themselves to seem favorable to others, then this is “motivational phenomenon” (Bradfield & Wells …show more content…
Our Foresight condition is our control condition, where we can see what participants think might occur in a virgin rat and gosling study without telling them what actually occurred. In our Hindsight conditions, we told participants the virgin rat did exhibit maternal instincts in one condition but did not exhibit maternal behaviors in the other condition. We also told some participants that the gosling approached the goose in some conditions but approached the duck in other conditions. We predict that participants will respond the same in each of these hindsight conditions. That is, despite hearing different outcomes for the rat and gosling studies, participants will say they were not surprised by those outcomes and would not be surprised if researchers replicated the outcome they originally heard, thus demonstrating the hindsight

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