Question

Sandra bought 20 lottery tickets every week. after 15 years, she hit the jackpot and won millions of dollars. during an interview with a tv reporter, she was tempted to say that she had known all along that her number would come up someday, but she did not. sandra avoided making a thinking error called _____.

Answer 1

It is called hindsight bias. Hindsight bias is basically I knew it all along phenomenon. In psychology it is explained as the tendency of people to overestimate their ability or we can say strong believe in their ability to predict an outcome.