432 - Recent Does Not Mean Real: The Risk of Recency Bias When Making Decisions
Whether you know it or not, there’s a hidden force at play in your life. It’s called recency bias. It’s a phenomenon where we humans place too much emphasis on recent experiences when making decisions. It’s present in all areas of our lives, but nowhere as impactful and prevalent as in our finances. We’re notorious for allowing recent events and experiences to cloud our judgment and pollute our decision-making skills. In today’s episode, host Travis Shelton discusses how this impacts our financial lives, and ways we can combat it.
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