“Recency” Thinking in Your Homeowner’s Association

One of the more common mental biases that affects people is known as “recency”. Recency is the tendency to consider the most recent information as more important when making a decision instead of weighing all information equally. This kind of thinking can be pervasive in the homeowner association environment. In the heat of discussion, the most recent hot topic can loom large and perspective lost. Recency causes skewed decision making driven by passion. How does this phenomena manifest itself?   Read the article…………


Related Articles

Guidelines for the Homeowner Forum at HOA Board Meetings

In homeowners associations, residents are encouraged to attend and observe HOA board meetings. Does your Association have many residents attend

Three Condo Association Governance Tips

Governing a Condo can be an exceedingly trying task. One of the big surprises you’ll face as a new Board

Tips to Stay Safe When Lightning Strikes Your Homeowners Association

Winter and Spring weather usually means staying in and snuggling by the fire, but it can also bring severe weather.