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.
Vested. Vested is a word that is mostly used as vested interest though the word has other meanings too. But let us first talk about the most common usage of the word as in vested interest. If you have vested interest in something, you have a special reason to take interest in it and you are biased and cannot take a neutral stand. If cigarette manufacturers want tobacco laws to be amended according to their wishes, it is because of their vested interest in it.