Hersh Shefrin Quote

Reality looks much more obvious in hindsight than in foresight. People who experience hindsight bias misapply current hindsight to past foresight. They perceive events that occurred to have been more predictable before the fact than was actually the case.

Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing (ed. Oxford University Press, 2000) - ISBN: 9780875848723

Reality looks much more obvious in hindsight than in foresight. People who experience hindsight bias misapply current hindsight to past foresight....

Reality looks much more obvious in hindsight than in foresight. People who experience hindsight bias misapply current hindsight to past foresight....

Reality looks much more obvious in hindsight than in foresight. People who experience hindsight bias misapply current hindsight to past foresight....

Reality looks much more obvious in hindsight than in foresight. People who experience hindsight bias misapply current hindsight to past foresight....