Hindsight bias was twice the size in the participants who saw the animation than in the participants who were shown diagrams. But you know, the decision involves hindsight. Like most bugs it is totally understandable and, given hindsight, totally predictable. They had the hindsight of 60 years of automotive development.
The Grand Banks and the Flemish Cap. The Grand Banks have historically been one of the world's richest fishing grounds. Portuguese and Basque fishers worked the Grand Banks as early as the 1400s. The area has since been fished by fleets from England, France, Spain, Portugal and later Newfoundland, Canada, Russia, and the United States, among many others.
Alaska Gold. The Bristol Bay region of southwest Alaska is home to the last great wild sockeye salmon fishery in the world. Itâs also home to enormous mineral deposits â copper, gold, molybdenum â estimated to be worth up to $500 billion.