Unrealistic Optimism
The tendency to over-expect the probability of good things happening while negating the likelihood of anything bad happening is a common human trait.
Studies consistently show that a large majority of the population (about 80% according to most estimates) display an overly optimistic outlook.
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Understanding the importance of decision-making
Identifying biases that affect decision-making
Analyzing the potential outcomes of a decision
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Being Too Optimistic
People who are told that the risk of something bad happening is lower than they expected, tend to adjust their predictions to match the new information. But they ignore the new information when the risk is higher.
Part of this overly optimistic outlook stems from our natural tendency...
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