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Not Enough Meaning

We project our current mindset and assumptions onto the past and future

Hindsight bias

Description

The tendency, after an event has occurred, to see the event as having been predictable, despite there having been little or no objective basis for predicting it.

Hindsight bias in business decision

After a product launch fails, executives might claim they "knew all along" it wouldn't succeed, even if they supported it enthusiastically before the launch.

Hindsight bias in personal life decision

After your favourite team loses, you say you "knew it all along" when you didn't.