An in-depth analysis of hindsight bias in transaction review. Explore how the brain embellishes the decision-making process through memory reconstruction, and how "signaling illusion" can lead to overconfidence. Wmax Behavioral Finance Series helps you identify self-justification traps in review, establish a scientific evaluation system that focuses on the process rather than the results through the pre-event diary system and counterfactual questioning, and achieve real progress through honest cognition in an uncertain market.

Overconfidence is the most common but dangerous cognitive bias in trading. Wmax Behavioral Finance analyzes how it leads to frequent trading and gives methods to calibrate decision-making.