In the college admissions example, projection bias occurs because the prospective student does not incorporate the utility of their future-self under alternative weather.

Question

Quizplus · Accepted Answer

Projection bias in the context of college admissions refers to the error where individuals overestimate the extent to which their future preferences and desires will match their current ones, such as underestimating how their feelings about weather will change over time.

In the College Admissions Example, Projection Bias Occurs Because the Prospective