Behavior quesiton.. market anomalies

[BaseballRedhawks]

2 bullet points…. 2nd one seems off..
-Traders tend to exhibit availability bias and recency effect as they assume recent past price behaviror will continue while investment professionals tend to assume mean reversion.
-Hindsight bias as market participants overemphasize recent price behaviror, assuming it will continue and buy(sell) what has been going up(down), leadinf to reend chasing and overtrading.
My quesitons i how is the seocnd one hindsight bias? i thought hindsight was just remembering what you want.. selective memory?

 

[cpk123]

hindsight is thinking what happened recently is going to be golden. in hindsight I should have invested bought this stock - because its price increased.