and never accurately adjust their predictions. An illustrative example proposed by Wilson and Gilbert (2005), is that if you are currently in bed with a cold, and are invited to a party a month from now, it will be very difficult to separate your negative feelings from your prediction of how you will feel on a Saturday night a month later. This process is sometimes referred to as the projection bias (Loewenstein et al.,1999) whereby people’s affective forecasts are unconsciously or consciously influenced by their current state. Focalism Often when making a prediction of the impact of an event people focus solely on the event in question. This ignores the fact that with the passage of time, other events will occur that influence happiness. Disregarding the effect of unrelated events on future thoughts emotions, leads to erroneous predictions of our emotional reactions. Whereby, since we are focusing on the impact on one specific event, we simultaneously overestimate the intensity and duration of our emotional reaction to that event and underestimate the effect of other unrelated events. However, we fail to consider that these unrelated events can moderate our emotional responses. Distinction bias Cognitive bias whereby people focus too much on the differences between two future events instead of the shared features. This bias leads to the impact bias when people focus too much on a distinction that does affect their future happiness instead of focusing on features that do. As a result, people overestimate the impact of that difference on their wellbeing. For example, a study asked college students to predict how happy they would be a year later if assigned to a desired or undesired dormitory. Results showed that the students largely overestimated their unhappiness when assigned to an undesired dormitory, as their overall happiness was nearly identical to those living in desired houses the following year. Sense-making People fail to recognize how quickly they will make sense of an event, thereby, failing to anticipate the deceleration of emotional reactions. Research suggests that there are four processes by which our psychological immune system deals with unpredicted and poorly understood events: First, they pay a lot of attention to the event, then, they react emotionally, they attempt to make sense of the event, and finally, they adapt emotionally. Failure to recognize that these processes will occur or how fast they will occur causes people to overestimate the impact (and the