recency effect

The recency effect could tilt a team toward overpaying for Montgomery, whose trade deadline acquisition by the Texas Rangers was key to their World Series title run.

There was a substantial recency effect and generational gaps though.

The cognitive issues in this approach are instructive: risk aversion, recency effect, trusting narrative over data, lack of self-awareness, over-confidence in one’s stock-picking skills, optimism that the market can be timed or the best asset class can be identified.

The recency effect, part of the serial position effect, is the notion that the thing people remember best is the last thing on a list.

This sort of error can be attributed to the recency effect: People tend to assume that what just happened will likely to keep happening, even if it is somewhat unusual.