Which of these everyday sayings defines the hindsight effect?
a) Experience is the best teacher.
b) I could have told you that was going to happen.
c) Those who fail to learn from their mistakes are doomed to repeat them.
d) Absence makes the heart grow fonder.
Question 2
Suppose you had somebody guess how a sequence of 10 coin flips would play itself out (e.g., THTHHHTHHT). If people did this task, they would tend to ____ the number of alternations, due to their reliance on the ______ heuristic.
a) overestimate; availability
b) overestimate; representativeness
c) underestimate; availability
d) underestimate; representativeness
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