Question

People cannot rely on common sense because of _____, which means that people tend to think they know more than they really do, and _____, which is also known as the I-knew-it-all-along phenomenon.a) hindsight bias; overconfidenceb) overconfidence; hindsight biasc) perceiving order in random events; critical thinkingd) critical thinking; perceiving order in random events

Answer 1

Answer:

The correct option is: b) overconfidence; hindsight bias

Explanation:

Hindsight bias refers to the tendency of an individual to perceive that an event that has already occurred was more predictable than it was before the event took place. As a result after the event has occurred, the individual believes that the event could have been predicted with high degree of certainty.

It causes distortions of the individual's memories and is also a source of overconfidence, which means that the individual tends to think that they know more than they actually do and are capable of predicting the outcomes of future events.

Therefore, People cannot rely on common sense because of overconfidence and hindsight bias