recency bias
/ˈriːsənsi ˌbaɪəs/
giving more weight to recent events than earlier ones
recency bias in a sentence
“Recency bias made investors forget the long bull market after one bad quarter.”
Origin of recency bias
Latin recens fresh, new + bias from Old French biais slant
Related Words
confirmation bias
the tendency to search for, interpret, and recall information that confirms one's preexisting beliefs
anchoring
the tendency to rely too heavily on the first piece of information encountered
availability heuristic
judging likelihood based on how easily examples come to mind
hindsight bias
the tendency to see past events as having been predictable
sunk cost fallacy
continuing a behavior due to previously invested resources
loss aversion
the tendency to prefer avoiding losses over acquiring equivalent gains