Affective Forecasting - Major Sources of Errors

Major Sources of Errors

Because forecasting errors commonly arise from literature on cognitive processes, many affective forecasting errors derive from and are often framed as cognitive biases, some of which are closely related or overlapping constructs (e.g. projection bias and empathy gap). Below is a list of commonly cited cognitive processes that contribute to forecasting errors.

Read more about this topic:  Affective Forecasting

Famous quotes containing the words major, sources and/or errors:

    Power is not of a man. Wealth does not center in the person of the wealthy. Celebrity is not inherent in any personality. To be celebrated, to be wealthy, to have power requires access to major institutions.
    C. Wright Mills (1916–1962)

    On board ship there are many sources of joy of which the land knows nothing. You may flirt and dance at sixty; and if you are awkward in the turn of a valse, you may put it down to the motion of the ship. You need wear no gloves, and may drink your soda-and-brandy without being ashamed of it.
    Anthony Trollope (1815–1882)

    Science in the modern world has many uses; its chief use, however, is to provide long words to cover the errors of the rich.
    Gilbert Keith Chesterton (1874–1936)