Not the same old hindsight bias: Outcome information distorts a broad range of retrospective judgments

Abstract

The hindsight bias (e.g., Fischhoff, 1975) illustrates that outcome information can make people believe that they would have (or did) predict an outcome that they would not (or did not) actually predict. In two experiments, participants (N = 226) made a prediction immediately before receiving outcome information. Therefore, participants could not distort or misremember their predictions to make them align with the outcome information. In both experiments, participants distorted their reports of how certain they recalled having been in their prediction, how good of a basis they had for making the prediction, how long they took to make the prediction, and so forth. Experiment 2 showed that these effects were diminished when participants engaged in private thought about the upcoming questions prior to receiving outcome information, suggesting that the effect is not due to impression management concerns. Copyright 2005 Psychonomic Society, Inc.