Events in the past or future seems more distant(backward telescoping/time expansion) or nearer(forward telescoping) than they actually are.
We believe that we are consistent in our beliefs, behaviours, options, attitudes, etc.
We overestimate our ability to control impulsive behaviour.
We judge past events more positively than we do the present.
We underestimate time required to finish a task.
Evaluating the quality of a decision after the outcome is known.
Assigning praise or blame of an action based on outcome even if its not fully in their control.
Belief that a society or institution is becoming worse over time.
We **overestimate** duration and intensity of future emotional states.
People tend to think that events could have been easily predictable AFTER the outcome is clear.
We forecast our current preference on to a future event.
If we see an innovation at work, we tend to believe that it can be applied everywhere without need of alterations.
We exaggerate the probability of bad things happening to us.