TED-Ed: The "End Of History" Illusion - Bence Nanay

The transcript discusses the historical inaccuracies in predicting technological advancements and introduces the concept of the 'End of History Illusion,' which suggests people underestimate personal change over time. A study involving over 7,000 participants revealed that individuals consistently misjudge their future changes in personality, values, and preferences. This illusion affects decision-making, leading to overinvestment in future choices based on current preferences. The transcript also explores the broader implications of this illusion on societal change, emphasizing that the world is constantly evolving.

In what ways do people tend to overestimate their future preferences according to the text?

What implications does the 'end of history illusion' have on long-term planning and decision-making?