Behavior quesiton.. market anomalies

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?

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