Describe Hindsight Bias

When interviewing job candidates, many interviewers tend to be overconfident of their gut feelings about the job applicants. The overconfidence stems from past cases where their hunches have proved right in the past. Maybe a job applicant did all of the right things to present a favorable impression, and the interviewer relied heavily on that favorable impression. This bias causes interviewers to reject applicants that have succeeded elsewhere. This is an example of hindsight bias, or the tendency to believe, after learning an outcome, that one would have foreseen it.
It is very easy to find yourself criticizing an outcome after it already happened. After the terrorist attacks on September 11, 2001, commentators mentioned about why the victims in the second tower did not evacuate after the first plane hit. Whether it is the dot com bubble bursting, a recession looming about, a terrorist attack, or even hiring your next employee, we are all subject to being a Monday morning quarterback, also known as hindsight bias.
Article by Nick Roy and courtesy of Workplace Management Strategies blog.

Originally posted by Candice A