Hindsight bias: Impaired memory or biased reconstruction?

@inproceedings{Stahlberg1996HindsightBI,
  title={Hindsight bias: Impaired memory or biased reconstruction?},
  author={Dagmar Stahlberg and Anne Maass},
  year={1996}
}
The hindsight bias is the tendency for people to believe falsely that they would have predicted the outcome of an event, once the outcome is known. Although there is a rich literature on hindsight distortions, the underlying mechanisms are not yet fully understood. The present paper addresses the question whether hindsight distiortions represent the result of memory impairment or biased reconstruction processes. The majority of studies presented support the biased reconstruction view… 
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