The Power of Optimism: How to Use Its Benefits and Guard Against Its Dangers
What does the future hold? Every decision you make is guided by the answer to this question. We invest in a stock if we believe the value of its shares will rise, we accept a job offer if we believe the position will bring us satisfaction. Predictions are an integral part of ...
What does the future hold? Every decision you make is guided by the answer to this question. We invest in a stock if we believe the value of its shares will rise, we accept a job offer if we believe the position will bring us satisfaction. Predictions are an integral part of every business decision from finance and security to entrepreneurship. How good are we at making these estimates? Turns out, there are systematic biases in how we view the future. In this talk Tali Sharot presents the most important one: our tendency to be overly optimistic. Optimism is a good thing; it makes people happy, productive, creative. Yet, it can also get us into trouble; lead to unnecessary risk taking, financial collapse and poor planning. In this talk Tali shares her decade long research into the science of optimism; why we have it, how we can use its power to our advantage and protect ourselves from making the wrong decisions.