A new paper suggests that excessive optimism may be linked to poor-decisionmakingskills and low cognitive ability compared to people who are more realistic or pessimistic.
Overlybullish? Optimism may harm your financial healthOptimisticthinking has long been immortalized in self-help books as the key to happiness, good health and longevity but it can also lead to poordecisionmaking, with particularly serious implications for people's financial wellbeing. Research from the University of Bath shows that excessive optimism is actually associated with lower ...
Whenoverlyoptimisticindividuals repeatedly encounter the gap between what they expected and what actually happened, the psychological toll can be substantial. Climate change, public health, and collective blind spots 🔗 The risks of excessive optimism are not only personal — they scale to collective challenges too.
Blackwells' presentation offered a scathing summary of Foley'sdecision-making, especially hisoverlyoptimisticexpectations concerning manufacturing capacity and capital allocation. Asked in a CNBC interview in 2019 about balancing product demand against the risk of overbuilding, Foley responded " [T]hat's a term that's never come up in the Peloton senior leadership rooms or ...
Explore the concept of optimism bias, a cognitive phenomenon where individuals overestimate positive outcomes and underestimate negative ones. This blog post delves into its historical background, underlying mechanisms, and impacts on behavior, risk perception, anddecision-making. Learn how optimism bias influences resilience, happiness, and well-being, and discover strategies to mitigate its ...
