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Affective forecasting, also known as hedonic forecasting or the hedonic forecasting mechanism, is the prediction of one's affect (emotional state) in the future. [1] As a process that influences preferences , decisions , and behavior , affective forecasting is studied by both psychologists and economists , with broad applications.
Affective computing. Electronic devices such as robots are increasingly able to recognise and mimic human emotion. Affective computing is the study and development of systems and devices that can recognize, interpret, process, and simulate human affects. It is an interdisciplinary field spanning computer science, psychology, and cognitive ...
A cognitive bias is a systematic pattern of deviation from norm or rationality in judgment. [1] Individuals create their own "subjective reality" from their perception of the input. An individual's construction of reality, not the objective input, may dictate their behavior in the world. Thus, cognitive biases may sometimes lead to perceptual ...
Prospection. In psychology, prospection is the generation and evaluation of mental representations of possible futures. The term therefore captures a wide array of future-oriented psychological phenomena, including the prediction of future emotion (affective forecasting), the imagination of future scenarios (episodic foresight), and planning.
People display retrospective impact bias when they overestimate the intensity and duration of an emotional reaction to a past event. This can lead to errors in decision making because it can lead people overestimating how an event positively or negatively impacts their wellbeing. Furthermore, people are influenced by their current emotion when ...
Planning fallacy. The planning fallacy is a phenomenon in which predictions about how much time will be needed to complete a future task display an optimism bias and underestimate the time needed. This phenomenon sometimes occurs regardless of the individual's knowledge that past tasks of a similar nature have taken longer to complete than ...
Ohio State University. Philip E. Tetlock (born 1954) is a Canadian-American political science writer, and is currently the Annenberg University Professor at the University of Pennsylvania, where he is cross-appointed at the Wharton School and the School of Arts and Sciences. He was elected a Member of the American Philosophical Society in 2019.
A prediction (Latin præ-, "before," and dictum, "something said" [1]) or forecast is a statement about a future event or about future data. Predictions are often, but not always, based upon experience or knowledge of forecasters. There is no universal agreement about the exact difference between "prediction" and "estimation"; different authors ...