Impact on Investing: Investors afflicted with recency bias become over-optimistic following a time of rising markets or, conversely, over-cynical after a downturn in markets. For instance, after experiencing a rally in markets, one would expect constant gains;

Impact on Investing: Investors afflicted with recency bias become over-optimistic following a time of rising markets or, conversely, over-cynical after a downturn in markets. For instance, after experiencing a rally in markets, one would expect constant gains;

Impact on Investing: Investors afflicted with recency bias become over-optimistic following a time of rising markets or, conversely, over-cynical after a downturn in markets. For instance, after experiencing a rally in markets, one would expect constant gains;