Why we can’t accurately predict our needs
- Projection bias can occur because we don’t realize how much exogenous factors — things that happen outside of our control — can influence our decision-making.
- Overestimating impact. When we are faced with significant life events, like moving or changing careers, we often believe that they will have a long-lasting impact on our lives.
- The heat of the moment. We make choices for our future selves based on our current emotional state. If we are calm, cool, and collected, we may have an easier time making rational decisions.
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