The Recency Effect Is

question 89

Multiple Choice

The recency effect is:

• A) the basic human tendency to overvalue recent experience when trying to predict the future.
• B) shorting financial investments that are subject to a bubble.
• C) earning a profit by betting against what everyone else is doing.
• D) accounting for the most recent profits or losses first on financial statements.

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Definitions:

Personal Construct Theory

A psychological theory developed by George Kelly, suggesting that individuals interpret the world and construct their own models of reality through bipolar constructs.

Construct Organization

In personal construct theory, this refers to the way in which individual personal constructs are arranged or ordered within a person's mind, affecting perception and behavior.

Personal Construct Theory

A psychological theory developed by George Kelly in 1955, proposing that individuals use personal constructs (mental models) to understand and interpret their experiences.

Sociality Corollary

A principle suggesting that the establishment and understanding of personal identity are significantly influenced by social relationships and interactions.