Less than a minute lesson -2666 Overcoming Recency Biases

 

Less than a minute lesson -2666

Overcoming Recency Biases

We sometimes tend to give too much weight to recent events when making decisions. This tendency is known as recency bias. We often see this bias in areas such as investing in the stock market based on current trends or appraising employees based on their most recent performance. In doing so, we may overlook historical data and past performance, which can significantly influence our decisions.

To overcome such biases, we should examine historical information and consider a comprehensive range of data.

M.L. Narendra Kumar

Director

Instivate Learning Solutions PVT LTD