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
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—William Drummond, of Hawthornden (15851649)