You are a busy college student who has a lot to do after a long day of classes. So you decide to try to organize your life and make a detailed schedule for your evening. You set aside an hour to get that workout in, and then another generous hour for dinner with your friends. Then to the library, you give yourself 45 minutes to read a history article and an hour to finish your lab report, followed

Evening Schedule
by an hour and a half for that chapter of chemistry notes. If all goes as planned, you’ll be back in your room snuggled up with Netflix by 11pm. The problem is, halfway through that chemistry chapter, you glance at your phone and it reads 11:43pm. What happened? You planned out everything you had to do and thought you had given yourself enough time to do it. Unfortunately, you have fallen victim to the planning fallacy. Read more…
There is a cold crispness to the air, but the sun in the cloudless sky gives you the little bit of warmth you need to feel comfortable. It is an early November day, and it is time for the U-12 soccer championship. Maybe you are a player, a parent, a friend, even a referee here today. There are four teams here with the same goal in mind, to win all their games so that they get crowned champion. The Cheshire Rams are the ones you are hoping to win today. You do not know how the day is going to go because all of the teams here have had great records this season and are all very competitive for the title. Hours later, the Cheshire Rams have done it. They are champions! You are in the car riding back, and all you can think to yourself is “wow, I knew it would happen!”

http://articles.chicagotribune.com/2013-06-26/news/ct-x-0626-keilman-column-20130626_1_more-kids-score-childhood-obesity
What is Hindsight Bias?
Did you actually know that the outcome would happen as it did? The truth is, most likely not. Read more…
… But I know you are going to read more. Isn’t it weird that the author tells you not to read his brainchild? Isn’t it bizarre that I have written an anti-advertisement? Isn’t it interesting that you realize you have almost finished reading the first paragraph? Yes you have.
Also you might have seen the emergency exits labeled “EMERGENCY, DON’T EXIT”. Haven’t you asked yourself why that sign is so paradoxical that you would spend minutes deciding whether to exit? Or you have heard a parent telling a running toddler “I bet you won’t catch me”, and almost immediately the adult was caught by that toddler. For so many times you might have asked why to have that deception. You have probably heard of the famous “smoke a pack per day” slogan in quitting smoking, and if so, aren’t you curious why encouraging smoking actually helps people quit?
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Have you ever found yourself questioning the decisions of those around you, perhaps as if you had better insight into the thoughts and emotions of a person than they did themselves? Or do you ever catch yourself making internal judgments towards others in a way that pushes aside the legitimacy of one’s own self-understanding? “Why is she doing that? She should know herself better!” These are behaviors that can be understood through a phenomenon commonly referred to as the illusion of asymmetrical insight, a cognitive bias that describes our tendency to think we understand other people better than they understand themselves and us. To put it into other words, Kathy (person #1) would be experiencing the illusion of asymmetric insight if she thinks she knows Kathy (herself) better than Jake (person #2) knows Jake (himself) or Kathy (person #1).

The Illusion of Asymmetric Insight in Action
This bias can be seen in individuals throughout varying contexts, and is also very common among social, political, and religious groups. Multiple studies have explored the manifestations of the illusion of asymmetric insight, many of which attribute the bias to reasons outside our level of consciousness. In other words, we do not have full awareness of when this phenomenon is occurring due to the fact that it is an automatic processes (a process that is quick, easy, requires little cognitive resources, and has the ability to occur without full attention, as opposed to controlled processes, which are slow, difficult, and require cognitive resources and full attention).
So why do we experience this phenomenon so frequently without even realizing it?
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