Hindsight bias is a common bias that everyone experiences. You have probably experienced it numerous times in your life without even realizing it. In this lesson, you will learn the definition of hindsight bias and be provided with some examples.
Vested Definition: Vested is the term used to determine how much of your 401(k) funds you can take with you when you leave your company. Vesting refers to the ownership of your 401(k). When you are considering your contributions to your 401(k), you may be wondering how much of the money is yours.
adj. referring to having an absolute right or title, when previously the holder of the right or title only had an expectation. Examples: after 20 years of employment Larry Loyal's pension rights are now vested.