Perfect Vision
Somewhere at sometime you've probably heard the phrase "Hindsight is 20/20". For those of you who haven't, this phrase is describing how much clearer events are once they're over with. We have the ability to gain some distance between us and the problem or choice of the time. This is all descriptive of something called "hindsight bias" which is how we're biased to think that things were obviously going to turn out as they did when they may not have been at the time. Enron's huge success that eventually ended the utter downfall of the energy giant? Obviously that was doomed! Their hiring description was basically the DSM-IV-TR's criteria of a sociopath. The people in the 2nd tower on 9-11? They should have expected another plane coming! The bay of pigs? Clearly JFK should have known better than to go through with such a shoddy plan! In fact, none of these cases would have been easily identified as a failure from the perspective of the decision makers (stockholders, people in the 2nd tower, JFK and staff, respectively). From our cushy position right now, it is quite obvious that these things would happen, but at the time, you can never be certain how things will work out.
There are too many factors at any given moment to clearly see everything that's relevant to a given circumstance.
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