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Optimism bias: Difference between revisions
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* People tend to underestimate how long a project will take to complete and how much it will cost. | * People tend to underestimate how long a project will take to complete and how much it will cost. | ||
* We expect greater pleasure from a vacation than we subsequently do. | * We expect greater pleasure from a vacation than we subsequently do. | ||
* We anticipate greater financial profits<ref>'''Predictive properties of analysts' forecasts of corporate earnings'''. T.G. Calderon. Mid-Atlantic J. Bus., 29 (1993), pp. 41-58. Accessed on 22 August 2022 via: https://www.proquest.com/openview/0505cfde23acf3e4d1bd39326484e684/1?pq-origsite=gscholar&cbl=24292</ref>, relationship outcomes<ref>When every relationship is above average: perceptions and expectations of divorce at the time of marriage. L.A. Baker, R.E. Emery. Law Hum. Behav., 17 (1993), pp. 439-450</ref>, longevity<ref>'''Optimism and economic choice'''. M. Puri, D.T. Robinson J. Financ. Econ., 86 (2007), pp. 71-99. Accessed on 22 August 2022 via https://www.sciencedirect.com/science/article/abs/pii/S0304405X07001122</ref>, or professional success<ref>'''Delusions of success'''. How optimism undermines executives' decisions. D. Lovallo, D. Kahneman. Harv. Bus. Rev., 81 (2003), pp. 56. Accessed 22 August 2022 via https://www.academia.edu/download/30346920/Delusions_of_success_-_how_optimism_undermines_executives_decisions.pdf</ref>. | |||
* We anticipate encountering more positive events in an upcoming month (such as receiving a gift or enjoying a movie) than we end up experiencing (see '''Figure 1''')<ref name=":0" />. | * We anticipate encountering more positive events in an upcoming month (such as receiving a gift or enjoying a movie) than we end up experiencing (see '''Figure 1''')<ref name=":0" />. | ||