Humans Tend to Give More Weight to Events of the Recent

question 66

Short Answer

Humans tend to give more weight to events of the recent past than to look at the entire history.We could attribute such a bias to limited memory, individuals' myopic view, or just availability of more recent information.We call this bias a(n) _____ bias.

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Definitions:

Types Of Data

Various classifications of data, including quantitative (numerical) and qualitative (non-numerical) data among others.

Secondary Data

Information that has been previously collected and is available for use by others for research, analysis, or decision-making purposes, unlike primary data which is collected firsthand.

Timely

Occurring at a suitable or opportune time; being prompt and efficient.

Relevant

Closely connected or appropriate to the matter at hand.