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decision making
You judge the quality of a choice by its outcome.
Outcome bias is the tendency to evaluate the intelligence of a decision based on the final result rather than the quality of the process used to make it.
If you make a reckless bet and win, you feel like a genius; if you make a sound bet and lose, you feel like a failure. Your brain rewards the outcome and ignores the logic that led there.
You are learning the wrong lessons from your past experiences.
Where this comes from
- Study
- Baron and Hershey, 1988, Journal of Personality and Social Psychology
- What the check found
- The definition is accurate to the psychological literature and the citation to Baron and Hershey (1988) is correct. Absence of a quote in the provided text does not negate the veracity of the well-established finding.
- Confidence
- Solid, with limits
Related
One of these every day, and every one names the study it came from. When a finding is contested, it says so.