status quo trap vs. recallability trap

[dhillon3]

what’s your take on the best way to think of these independently, as they are very familiar

• Status quo trap—an analyst bases predictions on the recent past.
• Recallability trap—an analyst lets past disasters or dramatic events weigh too heavily in his forecasts.

if the case doesn’t go on about a “disaster/crisis”, then status quo would be a better choice…thoughts?

 

[rahuls]

I think yes, if any -ve events has undue influence on the forecast its recallability trap

 

[dhillon3]

lol