Schwarz, Stefan; Stahlberg, Dagmar - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 1999
Hindsight bias ("Knew it all along effect") describes the tendency for people to falsely believe that they would have predicted the outcome of an event, once the outcome is known. Some authors (e.g. Bukszar and Connolly, 1988, Hoch and Loewenstein, 1989, Fischhoff, 1975) assumed, that in...