Impact Bias - Deepstash
Impact Bias

Impact Bias

Impact bias is the tendency to overestimate the hedonic impact of future events.

For example, consider two groups of people where one group won the lottery, and the other group became paraplegics. Data shows people of both groups are equally happy a year after the event. 

A recent study suggests that major life traumas that happened over three months ago had no impact on happiness. 

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nicij

The first step in the acquisition of wisdom is silence, the second listening, the third memory, the fourth practice, the fifth teaching others.

The idea is part of this collection:

7 Days of Inspiration

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How to find inspiration in everyday life

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The Impact Bias

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 emoti...

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