Good and bad of optimism bias - Business News - News Summed Up

Good and bad of optimism bias - Business News


This bias actually does a lot of good on a global scale. The optimism bias will lead you to think that this statistic applies to other people, but not your own marriage. Our optimism bias ensures we are not becoming a real-life Homer Simpson, who famously said: “Trying is the first step towards failure.”In fact, our optimism can actually lead to success in a variety of fields. Our optimism bias makes us skip our seat belts, as we underestimate the probability of being in a traffic accident. The good things that come to those who wait, may simply be the things that were left behind by those that got there first.


Source: The Star October 09, 2016 05:59 UTC



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