Diya and Pierre are the candidates to lead their school's basketball team. Diya knows that Pierre will be selected as the team captain as he is a better player than she is. However, Diya is selected as the team captain because Pierre is unable to turn up on the day of the selection. Later, Diya boasts to her friends that she knew it all along that she will be selected as the team captain. In the context of social psychology, this scenario exemplifies a phenomenon called:

Answer: Hindsight bias

Explanation: Hindsight bias also called knew-it-all-along phenomenon is a psychological phenomenon which occurs when an individual overestimates or overrates his prediction, A prediction in which the individual couldn't correctly make or was very uncertain before the outcome was revealed or before the event occurred. Once the event takes place such individual starts to overestimate his predictive ability of the event. This is called Hindsight bias.

Diya boasted of knowing she will be selected only after she was selected, before being selected she predicted Pierre would be made captain.