Week 2 – Recency Bias and Applied Rationalism
Please watch the video on "recency bias" and answer the following question
https://youtu.be/fAetPKCkQyM?si=GyDGaA_Mr1rM80BxLinks to an external site.
1. What is recenvy bias?
2. What is the last letter of the alphabet? What is the 13th letter of the alphabet? Why was the last letter the easiest? In what sense is recency bias similar to anchoring bias?
3. Jack: "I need to read a book on real estate investing"
Bob: "What did you say? Just look it up online on your phone. Don't you know we're living in 2024 bruh?"
When was the last time you heard someone say "it's 2024 so we need to buy this, watch that, believe this, look like this…" Just because something is newer, is it better?