CLA 1102 Final: Psychology 1101 Final Exam Notes-1.docx

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Chapter 1 thinking critically with psychological science. Psychology final exam notes: hindsight bias it is the tendency to believe, after learning an outcome, that one would have foreseen it. (also known as the i-knew-it-all-along phenomenon. ) With 20/20 hindsight, everything seems obvious: overconfidence we tend to think we know more than we do. Once people know the answer to something hindsight bias makes it seem obvious so much so that the person becomes overconfident. Ex: robert vallone and his associates (1990) had students predict at the beginning of the school year whether they would drop a course, vote in an upcoming election, call their parents more than twice a month, and so forth. On average, the students felt 84 percent confident in making these self-predictions. Later quizzes about their actual behavior showed their predictions were only 71 percent correct. Rather, it examines assumptions, discerns hidden values, evaluates evidence, and assesses conclusions.