In a study regarding flood damage, participants assessing a municipality's precautions in foresight concluded a flood was too unlikely to justify further precautions, while participants assessing the same situation in hindsight considered the decision negligent and estimated a higher probability of the disaster occurring.

Authors

• Person: Not available Organization: Frontiers in Psychology
  The Impact of Cognitive Biases on Professionals' Decision-Making

Sources

• The Impact of Cognitive Biases on Professionals' Decision-Making www.frontiersin.org Frontiers in Psychology via serper

Referenced by nodes (1)

• forest concept