Hi,
Water is 70% of our bodies, give or take 10%. It's, by far, the most essential molecule for our body to work properly. Many body functions require water, from the elimination of metabolic waste to the dilution of many electrolytes that make chemical reactions possible. Slight dehydration (less than 2% of total water mass) already has great impacts on our general well being. Many things like daily fatigue, constipation, dry skin or joint inflamation can be helped a lot just by drinking more water... Thus I think that what many people miss to be perfectly happy is one more liter of water a day.
As already mentioned, water intake is something personal. I'm a big guy, and I personally drink a lot when hiking/jogging in hot climates. Up to a liter every hour. At rest in a cool place, my water cunsumption can go down a lot.
Thirst is not a good indicator for dehydration, as is actually is a pretty complex phenomenon. But usually when you're thirsty, you're already dehydrated to about 2% of your total water mass. In other words, you should drink before being thirsty, and adapt your water intake according to how much water you spend.
A basic survival concept is that our stomach is our best canteen...
Another good one is to watch your urine. It should be clear. Whenever it turns darker, drink up...
For myself, for winter day hikes I carry 2 nalgene bottles. I often come back with one half full, as in the cold the peripheral vasoconstriction raises blood pressure. To keep blood pressure level, your kidneys go to work and reduce blood volume by producing urine... Because of this, you basically excrete 1-2 liters right after going from a warm to a cold-adapted body. Whatever you drink is eliminated during this period, so drinking is pointless. However the "clear pee" rule still stands, as during that time your urine is usually clear and plentiful. Once you've stopped eliminating this excess water, though, you must resume your water intake and keep on drinking regularly... And when you come back home, as your peripheral blood vessels come back to normal, your blood volume is suddenly too low, and your blood pressure drops a little. You have to replenish that volume by drinking 1-2 liters of water... the same 1-2 liters that were excreted in the first hours in the cold...
Cheers,
David