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Good Realistic Decisions

To make good decisions, one has to have accurate, reliable information, free from any bias or prejudice.

Realists tend to have the best cost-benefit ratio of handling uncertainty while maintaining a healthy level of well-being and happiness.

MORE IDEAS FROM THE SAME ARTICLE

Both optimism and pessimism are judgemental biases that try to bend reality inside our minds and can lead to worse outcomes and suboptimal levels of happiness.

Being on either side can lead to poor decisions in career, finance and just about anything involving risk and uncertainty.

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 overl...

Pessimism, or having a bias towards a negative outcome, has a fan base too, as it seems that pessimists are immune to disappointment.

Their view of life already considers the worst possible outcome as the default one, and anything better than that can only improve it.

Losing something we already have is twice as much pain than gaining the same. This skewed feelings towards loss is known as loss aversion.

Expectations always dampen the feelings of happiness, always setting us up in advance for a dose of disappointment.

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Defensive Pessimism

  • While normally pessimism means blaming yourself for the negative outcomes, defensive pessimism takes this at a whole new level, harnessing the negative feeling and using it as a stepping stone towards eventual success. It makes use of the negative inclination and brings une...

While we may have many good reasons to be pessimistic, we don't have to resign ourselves to it forever.

Optimism can be learned. Research reveals that optimists earn more money, have better relationships and live longer.

Realistically Optimistic

An optimistic outlook appears to be a kep part of healthy lifestyles. Those who find glasses as half full tend to be happier, healthier, and wealthier people.

A recent study came out suggesting that longevity and optimism is interconnected with each other. Therefore pushi...