Another term for hindsight biases is "Monday morning quarterbacking." According to Robert Shiller (2000) "The reason for overconfidence may also have to do with hindsight bias, a tendency to think that one would have known actual events were coming before they happened, had one been present then or had reason to pay attention. Hindsight bias encourages a view of the world as more predictable than it really is." Further, a hindsight bias is an inclination to see past events as being predictable and reasonable to expect, perhaps because they are more available than possible outcomes that did not occur.
Source: http://www.investorguide.com/igu-article-1052-stock-strategies-investing-driving-you-crazy-maybe-its-because-you-already-are-part-4.html
Was this Tip useful?  
Was useful  Was not useful
Copy and paste this HTML in your website to link to this page