Hindsight bias definition

Hindsight bias means being able to look back, from the outside, on a sequence of events that led to an outcome you already know about.’’(Dekker, 2006). This way of approach does not yield a clear picture of what really happened and merely focuses on the back tracing of events that are the closest to the incident/accident. By doing so there will always be information missed that may have contributed in the incident/accident. Missing information along the way will not yield to an accurate recommendation toward the correction in safety of the regarding events. Considering the options that were available at that moment in time and space, aid in the avoidance of a hindsight bias view. A clear image of that moment can be made by going through the options of the operators without tracing
View Source

Related to Hindsight bias

  • Oversight Board means each entity established pursuant to Section 34179.

  • Auditing Profession Act ’ means the Auditing Profession Act, 2005 (Act No. 26 of 2005);

  • Accounting Methodology means GAAP, and to the extent consistent with GAAP, the accounting principles, methods and practices utilized in preparing the Financial Statements, applied on a consistent basis.

  • PCAOB means the Public Company Accounting Oversight Board.

  • IFRS means the International Financial Reporting Standards as issued by the International Accounting Standards Board.