Session 5 -The Impact of Bias – Prof. Dan Gilbert (video)

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Dan Gilbert discusses the so-called impact bias. The impact bias is the tendency for humans to overestimate the consequences of future events for their happiness. As he puts it: “winning or losing an election, gaining or losing a romantic partner, getting or not getting a promotion, passing or not passing a college test, on and on, have far less impact, less intensity and much less duration than people expect them to have.” A highly interesting talk that sheds an interesting light on goal setting.