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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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We are not very good at guessing how we'll feel in the future. In predicting how we will feel in the future, we commonly use the past experience as a guide.
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We overestimate the strength of our emotions in the future.
Studies show that people overestimated their happiness at winning and their disappointment at losing because they forgot all the other things that would happen in a day that would influence their mood.
A lottery winner, for instance, won't spend every day celebrating their win. Nor will someone with a disabling accident spend all their time in shock.
When imagining either situation, we like to think that the feelings will be long-lasting. We forget that we will adapt and that the feeling will eventually wear off.
It refers to how we predict our future emotions and how certain life events will affect them.
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The main barriers to accurate affective forecasting:
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People will always be happy when they see their children prosper when they feel loved, secure, and well-fed.
But, this formula for happiness is so obvious that most people dismiss it. They would rather look for a secret ingredient. The answer is that there is no secret.