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Behavior Gap: Don’t Lose Sleep Over 2013 Predictions

With a new year around the corner, we need to brace ourselves for the annual guessing game of 2013 predictions. It seems to be an annual tradition now. Over the next few weeks, the “experts” will take center stage on news programs and magazine covers to share their vision of what they think will happen in 2013. But you and I know better.

We know that experts and their predictions aren’t right 100 percent of the time. We know that paying attention to these predictions makes it harder to behave. And we know that we have a hard time resisting these predictions.

Right now it feels like there’s a ton of uncertainty in the world. Will we go over a fiscal cliff? Depends on Congress. Will taxes go up? Probably. Will Europe figure out its financial mess? Who knows.

In the face of this uncertainty, we like how predictions make us feel. We like the sense of control it implies even though we know life can be incredibly random. Then there’s our short memory span.

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