Empiriceme · Evidence · Bias / Effect

Optimism Bias

Also called Unrealistic optimism

People judge themselves less likely than others to suffer negative events.

Weinstein's 1980 study: students rated themselves less likely than peers to divorce, develop cancer or be fired, and more likely to own a home. The bias is largest for events people believe they control.

In practice

  • A project manager rates their own project's chance of on-time delivery well above the base rate for projects like it.
  • A driver rates themselves above average and is, by definition, usually wrong about half the time.
Further reading
Wikipedia
Subject
Decision-making & Reasoning
Essay
The catalogue of predictable errors

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