Final answer:
The process in which knowing the outcome of an event restructures our memory of events leading up to it is known as hindsight bias. This bias refers to the belief that the event just experienced was predictable, even if there was no evidence of it being predictable beforehand. It is a form of memory distortion that can occur when individuals try to make sense of events after they have occurred.
Step-by-step explanation:
The process in which knowing the outcome of an event restructures our memory of events leading up to it is known as hindsight bias. This bias refers to the belief that the event just experienced was predictable, even if there was no evidence of it being predictable beforehand. It is a form of memory distortion that can occur when individuals try to make sense of events after they have occurred.
Research has shown that people tend to focus on information that confirms their existing beliefs, which can further reinforce the hindsight bias. This tendency is called the confirmation bias. When recalling past events, individuals may unintentionally interpret, favor, and recall information that aligns with their preconceived notions and beliefs.
Overall, the hindsight bias and confirmation bias highlight the ways in which our memory can be influenced and reconstructed based on our beliefs and the outcome of events.