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Showing 187 biases.

Not Enough Meaning

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

Outcome bias

Description

The tendency to judge a decision by its eventual outcome instead of based on the quality of the decision at the time it was made.

Outcome bias in business decision

A manager who made a risky investment that paid off is praised as a visionary, while another manager who made a similar well-reasoned risky investment that failed is criticized, regardless of the decision-making process.

Outcome bias in personal life decision

You judge your decision to take a particular route as smart because there was no traffic, even though it was luck.