Title
Tackling the Monday Morning Quarterback: Applications of Hindsight Bias in Decision-Making Settings
Document Type
Article
Publication Date
1-1-2007
Publication Title
Social Cognition
Volume
25
Issue Number
1
First Page
32
Last Page
47
DOI
10.1521/soco.2007.25.1.32
Disciplines
Business
Abstract
Extant research has focused largely on what causes hindsight distortion. In contrast, this work examines applied aspects related to the bias in decision-making environments. A conceptual framework is provided and recent real–world examples are presented to outline how decision makers—and those who observe them—show hindsight effects. Then, both negative and positive consequences of the bias are outlined. Strategies are presented to reduce negative effects that occur when decision makers show hindsight distortion. Finally, because it is often not possible to avoid or to correct others' hindsight–tainted evaluations, suggestions for coping with the bias are discussed.
Recommended Citation
T. A. Louie, Mahesh N. Rajan, and Robert E. Sibley. "Tackling the Monday Morning Quarterback: Applications of Hindsight Bias in Decision-Making Settings" Social Cognition (2007): 32-47. https://doi.org/10.1521/soco.2007.25.1.32
Comments
Tackling the Monday Morning Quarterback: Applications of Hindsight Bias in Decision-Making Settings, Social Cognition, Louie, T. A., Rajan, M. N., & Sibley, R. E. 2007. Copyright Guilford Press. Reprinted with permission of The Guilford Press.