In psychology, this is what is referred to as the hindsight bias. This bias can have a major impact on not only your beliefs but also on your behaviors. This article takes a closer look at how the hindsight bias works. It also explores how it might influence some of the beliefs you hold as well as the decisions you make on a day-to-day basis.
What Is Hindsight Bias?
The term “hindsight bias” refers to the tendency people have to view events as more predictable than they really are. Before an event takes place, while you might be able to offer a guess as to the outcome, there is really no way to actually know what’s going to happen. For example, after a person’s favorite team loses the Super Bowl, they might feel convinced that they knew the team was going to lose (even though they didn’t feel that way before the game). The phenomenon has been demonstrated in a number of different situations, including politics and sporting events. In experiments, people often recall their predictions before the event as much stronger than they actually were.
Examples of Hindsight Bias
Researchers Dorothee Dietrich and Matthew Olson asked college students to predict how the U.S. Senate would vote on the confirmation of Supreme Court nominee Clarence Thomas. Prior to the Senate vote, 58% of the participants predicted that he would be confirmed. When students were polled again after Thomas was confirmed, 78% of the participants said that they thought Thomas would be approved. For example, after attending a baseball game, you might insist that you knew that the winning team was going to win beforehand. High school and college students often experience hindsight bias during the course of their studies. As they read their course texts, the information may seem easy. “Of course,” students often think after reading the results of a study or experiment. “I knew that all along.” This can be a dangerous habit for students to fall into, however, particularly when test time approaches. By assuming that they already knew the information, they might fail to adequately study the material. When it comes to testing time, however, the presence of many different answers on a multiple-choice test may make many students realize that they did not know the material quite as well as they thought they did. By being aware of this potential problem, however, students can develop good study habits to overcome the tendency to assume that they “knew it all along.”
Causes of Hindsight Bias
So what exactly causes this bias to happen? Researchers suggest that three key variables interact to contribute to this tendency to see things as more predictable than they really are.
Cognitive: People tend to distort or even misremember their earlier predictions about an event. It may be easier to recall information that is consistent with their current knowledge. Metacognitive: When people can easily understand how or why an event happened, that event can seem like it was easily foreseeable. Motivational: People like to think of the world as a predictable place. Believing an outcome was inevitable can be comforting for some people.
When all three of these factors occur readily in a situation, the hindsight bias is more likely to occur. When a movie reaches its end and the viewer discovers who the killer really was, they might look back on their memory of the film and misremember their initial impressions of the guilty character. They might also look at all the situations and secondary characters and believe that given these variables, it was clear what was going to happen. So they might walk away from the film thinking that they knew the outcome all along, but the reality is that they probably didn’t.
Impact of Hindsight Bias
One potential problem with this way of thinking is that it can lead to overconfidence. If people mistakenly believe that they have exceptional foresight or intuition, they might become too confident and more likely to take unnecessary risks. Such risks might be financial, such as placing too much of your nest egg in a risky stock portfolio. They might also be emotional, such as investing too much of yourself in a bad relationship. Blaming the victim is another possible effect of hindsight bias. People often believe that since they “knew” what was going to happen all along (because of hindsight bias), the victim of a crime, accident, or other tragedy should have also been able to easily predict the outcome.
Overcoming Hindsight Bias
Is there anything that you can do to counteract the hindsight bias? There are a number of tactics you might try in order to reduce how this bias influences your thoughts and behaviors:
Consider alternative outcomes: Researchers suggest that one way to counteract this bias is to consider things that might have happened but didn’t. By mentally reviewing potential outcomes, people might gain a more balanced view of an outcome’s apparent inevitability.Keep a decision journal: Writing down your thinking about a problem and solution is one way to minimize the effects of hindsight bias. Instead of looking back and believing that you knew the answer all along, a journal means you’ll have a written record of your thinking process as you worked through a specific problem.Remember your original judgments: Research suggests that intentionally retrieving the memory of your original judgment before you recall the correct outcome can be helpful for eliminating hindsight bias.
A Word From Verywell
The hindsight bias is very common, but that doesn’t mean that it doesn’t have negative effects on how you think about past events. Believing that you knew the outcome all along can lead to an overreliance on the accuracy of your own predictions. In order to minimize the hindsight bias, you might try keeping a decision journal or thinking of alternative outcomes that also might have happened. By taking steps to prevent hindsight bias, you can help improve the accuracy of your judgments.
