Why Psychology Tells Us What We Already Know

The video discusses 'The American Soldier' study, which faced criticism for stating the obvious. It introduces hindsight bias, a tendency to see events as predictable after they happen. This bias affects judgments in various fields, including finance and law. The video explains how hindsight bias can lead to misplaced credit or blame and offers strategies to mitigate it, such as considering alternative outcomes.

What new insight or understanding did you gain from this video?