'Recency Effect': Why Government Bonds Are Still Attractive. Sep. 28, 2010 3:38 PM ET TLT, AGG 1 Comment. ... investors may be shifting into some form of inflation protection. ...

The effect, measured in verdicts, was 26.5 percent, a very sizable difference in the social science world, where even small differences can still be statistically significant.

These effects were predominantly recency effects and occurred most in questions that were more difficult to comprehend (especially among respondents with the least education), with response choices ...