Analytical Challenge – avoiding Recency Bias

Posted by Paul McArdle Tuesday, November 7 2017 Topic: A collection of some core analytical challenges

Today I have noted (in this listing of observations across the past couple months of our own residential solar PV output at home) that I fell trap to the tendency to place too much emphasis on what’s happened recently, to the extent of losing a broader perspective of what’s happened over a broader time range (i.e. in terms of performance, or change, or other characteristics).

I’ll post more about this, in more general terms, when I have more time…

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About the Author

Paul McArdle
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time. As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.

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1 Comment on "Analytical Challenge – avoiding Recency Bias"

  1. Interested Observer | Tuesday, November 14 2017 at 8:54 am | Reply

    Interested to see your thoughts on this. I regularly see another bias at work – optimism bias – which is where people think that things that have happened in the past to others wont happen in future to them, without any genuine reasons for thinking this.

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