The tendency to believe falsely, after an outcome of an event is ...

[Haya94]

The tendency to believe falsely, after an outcome of an event is actually known, that one would have accurately predicted that outcome is known as a(n) ________ bias.
 
  A) self-serving
  B) confirmation
  C) impact
  D) hindsight
  E) anchoring

Question 2

People's behavior is based on their perception of what reality is, not on reality itself.
 
  Indicate whether the statement is true or false

[LP]

Answer to Question 1

D
Explanation: D) The hindsight bias is the tendency to believe falsely, after the outcome is known, that one would have accurately predicted it. The hindsight bias reduces our ability to learn from the past. It lets us think we are better predictors than we are and can make us falsely confident.

Answer to Question 2

TRUE
Explanation: People's behavior is based on their perception of what reality is, not on reality itself. The world as it is perceived is the world that is behaviorally important.