"The hindsight bias is often referred to as the "I-knew-it-all-along phenomenon."
As a psychology student, you may have also experienced the hindsight bias in your own studies. As you read your course texts, the information may seem easy. "Of course," you might think after reading the results of a study or experiment. "I knew that all along." When it comes to test time, however, the presence of many different answers on a multiple choice test may make you realize that you did not know the material quite as well as you thought you did. By being aware of this problem, you can develop good study habits to overcome the tendency to assume that you 'knew-it-all-along.'
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