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future
You believe that your future self will stay the same.
The projection bias leads individuals to overestimate the degree to which their future tastes and needs will resemble their current state.
It specifically refers to the misprediction of future utility based on current visceral states, rather than a belief that one's values remain static forever.
You are a stranger to your future self.
Where this comes from
- Study
- Loewenstein, O'Donoghue, and Rabin, 2003
- What the check found
- The core concept is accurate, but the claim extends the psychological mechanism beyond the original economic study's focus on temporary consumption utility.
- Confidence
- Solid, with limits
Related
One of these every day, and every one names the study it came from. When a finding is contested, it says so.