Recency bias is the tendency for people to overweight new information or events, projecting them into the future while ignoring long-term evidence. This bias causes many investors to engage in ...

This is the ninth article in the Behavioral Finance and Macroeconomics series, exploring the effect behavior has on markets and the economy as a whole and how advisors who understand this relationship ...

Last week, I introduced the idea of “dumb” in investing: the tendency for very smart people to do very dumb things with their portfolios. We looked at how emotions can override a well-thought-out plan ...

Every macro crisis in travel produces the same confident obituary, and almost every obituary turns out to be wrong. I have been thinking about recency bias a lot lately — March 2026 feels a lot like ...

Recency bias in strategic planning is dangerous. All of us tend to use our short term memories to understand what’s going on and what might happen in the future. This means that we focus too heavily ...