Concerning happiness, research has found that many people fall prey to what is known as impact bias, or the tendency for people to overestimate the initial impact and/or duration of an emotional event. Simply put, this means that many people believe that certain future events, like buying a new car or house, getting married, or passing an exam, will make them happier than it actually does. These events may enhance their happiness but the duration and intensity is often far less than expected. A possible reason for this is that we quickly adapt to new situations. In the literature, this is called “hedonic adaptation”. The goal of the exercise is to make you aware of the impact bias and the implications for well-being that emerge from faulty affective forecasting. To know this may help you to make aware that it is important to enjoy the present moment, rather than (continuously) believing that happiness will be found in the future if certain goals are achieved.