Outcome Bias

Cognitive Control

Judging decisions by results instead of process. Evaluating the quality of a decision based on its outcome rather than the quality of the decision at the time it was made. Good processes can have bad outcomes, and bad processes can get lucky. Example: You broke all your rules on a trade that happened to profit. Outcome bias makes you think 'it was a good decision.' But it was a bad decision that got lucky - and lucky isn't repeatable.