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.
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