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:

Financial Advantage

A benefit that gives an individual or business a better financial position compared to others.

Special Discounted Price

This is a temporary reduction in the selling price of goods or services, often used to attract customers or promote sales.

Segment Margin

The amount of profit or loss generated by one part of a business, after accounting for the direct and indirect costs of that segment.

Financial Advantage

The benefit gained in financial terms, which could be through savings, profits, or reduced costs.