The overestimation bias

We Consistently Overestimate How Much Other People Will Enjoy Or Pay For Stuff

Imagine taking a two-week holiday to the Bahamas. Sand, sea, and reef — who wouldn’t love it? I mean, personally, though I would love aspects of it, I’m quickly bored on a beach, I’m too nervous of deep water to dive and excessive sun brings me out in a rash. But that’s just me. Anyone else would just adore it….right? This, it turns out, is a classic example of a bias, dubbed the overestimation bias, revealed in a new paper, published in the Journal of Experimental Psychology. ….[READ]

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