Ep. 418: Everyone is a Closet Trend Follower with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Hindsight Bias: A Cognitive Foible Common to Human Beings
Hindsight bias is a strong tendency in humans because it helped our ancestors survive on the savannah. Telling stories of cause and effect to the next generation so no one gets themselves killed trying to harvest a wasps nest full of honey or having intercourse with a saber tooth tiger. Early humans who did not carry the trait to tell these stories did not pass their genes on. They were stung to death or had their genitals ripped off. We on the other hand did have ancestors who concerned themselves with explaining recent events. They survived and passed these tendencies down to us.
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