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 ...

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 ...

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 ...

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 ...

Currently, Polymarket traders only give Bitcoin a 12% chance of hitting $150,000 this year. Due to recency bias, traders are likely to underestimate Bitcoin's future upside potential. While prediction ...