Outcome Bias

Outcome bias is a cognitive bias where there's an excessive focus on the results of past events, affecting decision making. This bias can lead to a preference for scenarios that were previously successful, ignoring unique factors of new situations. It can result in suboptimal decisions by not considering all potential options. The bias emphasizes certain information over a comprehensive view of available data.

Discuss the importance of considering unique factors in decision making.

In what ways can cognitive bias influence the evaluation of information?