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Optimism [PDF]

open access: yesClinical Psychology Review, 2010
Optimism is an individual difference variable that reflects the extent to which people hold generalized favorable expectancies for their future. Higher levels of optimism have been related prospectively to better subjective well-being in times of adversity or difficulty (i.e., controlling for previous well-being).
Charles S Carver, Suzanne C Segerstrom
exaly   +3 more sources

Optimal Expectations [PDF]

open access: possibleAmerican Economic Review, 2005
Forward-looking agents care about expected future utility flows, and hence have higher current felicity if they are optimistic. This paper studies utility-based biases in beliefs by supposing that beliefs maximize average felicity, optimally balancing this benefit of optimism against the costs of worse decision making.
Brunnermeier, Markus K   +1 more
openaire   +6 more sources

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