Know Thyself! Predicting Subjective Well-Being from Personality Estimation Discrepancy and Self-Insight

Discrepancies in views of the Self are suggested to be negatively related to well-being (Higgins, 1987). In the present study, we used a novel concept, Personality Estimation Discrepancy (PED), to test this classic idea. PED is defined as the computed difference between how one view oneself (Self-Perceived Personality) and a standard Big Five test (IPIP-NEO-30). In a pre-registered (osf.io) UK online study (N = 297; Mage = 37, SD = 14) we analyzed: 1) whether PED would predict Subjective Well-Being (SWB; Harmony in Life, Satisfaction with Life, Positive affect, Negative Affect) and Self-Insight, and 2) whether Self-Insight would mediate the relationship between PED and SWB. The results showed that underestimation of Extraversion, Conscientiousness, and Emotional Stability indeed is associated with both high SWB and high Self-Insight. However, these effects mostly disappeared when controlling for the Big Five test scores. Furthermore, Self-Insight largely (42.9 %) mediated the relationship between the mis-estimation and SWB. We interpret these finding such that the relationship of mis-estimating one's personality with SWB and Self-Insight are mostly explained by the Big Five factors, yet the discrepancy is a dependent feature of scoring particularly high or low on certain personality traits.