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Extreme events and happiness
Extreme positive and extreme negative events don't actually influence our long-term levels of happiness nearly as much as we think they would. But we have a strong tendency to overestimate the impact that extreme events will have on our lives.
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The Impact Bias
It's present when we tend to overestimate the length or intensity of happiness that major events will create. The Impact Bias is one example of affective forecasting, which is a social psychology phenomenon that refers to our generally terrible ability as humans to predict our future emotional states.
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