The research finds several culprits including affective forecasting. What is “affective forecasting”? However, instead of predicting tomorrow’s temperature, affective forecasting is about predicting your future emotions and happiness. Affective forecasting is the process we use to make many of these decisions – some are trivial, but others, like when to retire, have lasting and significant consequences. Those who study impact bias find that we overestimate the intensity and the duration of the emotions about a predicted future event.

Source: Forbes January 02, 2019 10:41 UTC