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Asymmetric Walkway: A Novel Behavioral Assay for Studying Asymmetric Locomotion
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Asymmetric affective forecasting errors and their correlation with subjective well-being.

Marco Bertoni1, Luca Corazzini2

  • 1Department of Economics and Management, University of Padova, Padova, Italy.

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Failing to meet expectations negatively impacts subjective well-being. Positive forecasting errors (exceeding expectations) do not affect well-being, possibly due to adjusted expectations.

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Area of Science:

  • Psychology
  • Economics
  • Sociology

Background:

  • Social scientists theorize that the gap between achievements and expectations influences subjective well-being.
  • Quantifying this psychological effect remains underexplored.

Purpose of the Study:

  • To empirically assess the impact of affective forecasting errors on subsequent subjective well-being.
  • To analyze both positive and negative discrepancies between expected and realized well-being.

Main Methods:

  • Utilized longitudinal data from 13,431 individuals in the German Socio-Economic Panel.
  • Developed a theoretical framework to analyze forecasting errors and expectation adjustments.
  • Estimated panel-data equations controlling for individual fixed effects and demographic/socio-economic factors.

Main Results:

  • Failing to meet expectations is negatively associated with subsequent subjective well-being.
  • Surpassing expectations shows no significant correlation with subjective well-being.
  • Expectations adjust positively to positive errors and negatively to negative errors.

Conclusions:

  • Individuals persistently experience negative consequences when failing to meet expectations.
  • Positive expectation adjustments may offset the well-being benefits of exceeding expectations.
  • The study quantifies the psychological impact of unmet expectations on life satisfaction.