NEED ASAP Describe hindsight bias and overconfidence, and provide examples of each.

Explanation:

Hindsight bias explains the tendency of one to overestimate their ability to have predicted the unpredictable. It is like the "I knew it all along!" despite them not saying anything supporting that statement previously type of bias. For example, someone could take a random pop quiz and get a good grade. If they say, "Well I knew it was coming!", it is hindsight bias. You cannot predict a sudden pop quiz.

Overconfidence is the bias in which a person is more confident in the accuracy of their judgement than their judgement will be objectively. For example, you could state that you are 100% certain your favorite football team will win their next game. That is being overconfident.

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Explanation:

Hindight bias and overconfidence were both discussed in module 4. Hindsight bias is the tendency to believe, after learning an outcome, that we have forseen it. For example, lets say we were flipping a coin and you called out tails, but the coin landed on heads and you cliam you knew that was going to happen. Overconfidence can be explained by saying, the person who is overconfident continues to misjudge their value, opinion. Overall biased about yourself. For example, a person says they have an amazing sense of direction and refuse help when they get lost on a trip.

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