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.
The Impact Bias: How to be Happy When Everything Goes Wrong
One of the best ways to mentor others is to ask rather than tell. By doing this, you help people discover their own insights. A good question to ask is: "What can we learn from this experience that might be useful to us in the future?”