Innovators: Beware the Hindsight Bias
Hindsight bias, also known as the knew-it-all-along effect, can lead to poor judgment and overconfidence when making decisions. It causes people to view past events as more predictable than they actually were, leading to a distorted memory of their initial thoughts. To avoid this bias, make decisions based on data and expert advice rather than personal predictions. Remember that the future is unpredictable and not everyone can be right. Always have a plan of action and be honest about the potential outcomes.
